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Corporate governance
Executive Management
Executive Management
3.3
By decision of the Shareholders’ Meeting on July
28, 2008, the
investment and disposal transactions envisaged by the Group, in
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Company adopted the form of a public limited company with a Board
particular acquisitions and disposals of assets or holdings,
of Directors. By its decision of June
21, 2011, the Board of Directors
subscriptions to any issues of shares, proprietary interests or bonds
consolidated the duties of Chairman and Chief Executive Officer. The
and entering into partnerships and joint-venture agreements as well
Board of Directors' decision to consolidate the duties of Chairman and
as any transaction likely to affect the Group’s strategy of an amount
Chief Executive Officer was designed to simplify the decision-making
in excess of €250 million per investment or disposal on behalf of the
process and enhance the efficiency and responsiveness of the
Group, it being specified that the Chairman and Chief Executive
Company’s governance.
Officer may not have sole decision-making power for more than two
successive transactions of an individual amount less than or equal to
Mr. Georges Plassat is the Company’s Chairman and Chief Executive
€250 million per fiscal year;
Officer since May
23, 2012. His term of office as Chairman and Chief
financial transactions, regardless of their conditions, of an amount
●
Executive Officer was renewed by the Board of Directors on June
11,
in excess of €2
billion, the Chairman and Chief Executive Officer
2015.
being accountable to the Board of Directors for transactions below
At its meeting on February
8, 2015, on the Chairman and Chief
this amount;
Executive Officer's proposal and after recommendation of the
direct establishment of overseas sites by forming a company, a
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Chairman of the Appointments Committee, the Board of Directors
direct or indirect subsidiary, or by acquiring an interest, or deciding
appointed two Deputy Chief Executive Officers, Pierre
Jean Sivignon,
to withdraw from these sites;
Chief Financial Officer, and Jérôme Bédier, General Secretary.
any merger, spin-off or asset transfer for net asset transfer values in
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Chairman and Chief Executive Officer and
excess of €250 million, excluding any internal restructuring;
Deputy Chief Executive Officers power’s limits
the total or partial sale of non-financial assets not valued on the
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balance sheet, including brands and customer data and in particular
By virtue of the Board of Directors’ Internal Rules, the Chairman and
the Carrefour brand and customer files;
Chief Executive Officer could not carry out the following transactions or
in the event of a dispute, any settlement or compromise in an
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actions in the name and on behalf of the Company without the Board
amount greater than €100 million per case.
of Director’s prior consent:
Deputy Chief Executive Officers are subject to the same power’s limits
as the Chairman and Chief Executive Officer.
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2015 REGISTRATION DOCUMENT