The specialized committees have become an essential component of corporate governance. Zodiac Aerospace has had three specialized committees since 1995:
- Audit Committee,
- Remuneration Committee,
- Appointments Committee.
These committees assist, inform and report on their work to the Supervisory Board.
The Audit Committee is responsible for analyzing the financial statements and supervising the quality and methods of internal and external control.
It is composed of four Board members:
- Mrs. Laure HAUSEUX *, Chairman,
- Mr. Louis DESANGES,
- Mrs. Gilbert LOMBARD,
- FFP Invest * represented by Mr. Monsieur Frédéric BANZET,
- FSP *.
The Statutory Auditors and the Vice President of Administration and Finance also attend these meetings.
There are three members of the Remuneration Committee:
- Mr. Patrick DAHER *, Chairman,
- Mrs. Anne AUBERT,
- Mr. Vincent GERONDEAU *,
- Mrs. Gilberte LOMBARD.
They are charged by the Supervisory Board to decide on the compensation of the principal officers (members of the Executive Board and the Executive Committee), the allocation of stock options and bonus shares for these directors in accordance with authorizations given by General Meetings, the compensation of the Chairman of the Supervisory Board and the distribution of directors’ fees for Board members.
The Appointments Committee is the body responsible for the selection of members of the Supervisory Board and the Group’s directors; it is also responsible for reviewing the composition of the Board.
It is composed of two members:
- Mr. Louis DESANGES, Chairman,
- Mr. Vincent GERONDEAU,
- Mrs. Estelle BRACHLIANOFF *,
- FFP Invest * represented by Mr. Frédéric BANZET.
* Independent member according to the criteria defined in the AFEP/MEDEF Code