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Corporate governance bodies  

GROWTH AND ORGANIZATIONAL STRUCTURE

To meet the challenges resulting from the strong organic and external growth recorded by the Group in recent years, Fives has changed its organization and governance in two main areas. First, by strengthening its management structures; both at the intermediate management level within its group companies and by strengthening the operational relay at the Board level. Second, by establishing Country Departments that will be supported by local offices, beginning first in North America and China. These departments will improve the consistent management of
cross-regional issues.

 

The Supervisory Board
The Supervisory Board exercises permanent control over the management of the company by the Executive Board. It meets to consider the quarterly report to be submitted by the Executive Board, and inspects and verifies the documents associated with the corporate and consolidated financial statements of the Group.

Since June 25th, 2013, the 6 Supervisory Board members are: 

Dominique Gaillard (President and Member)

Lise Fauconnier (Vice President and Member)

Jacques Lefèvre (Honorary President and Member))

Laurence Parisot (Member)

Jean-Georges Malcor (Member)

Philippe Reichstul (Member) »

 

The Executive Board
Fives is headed by an Executive Board overseen by the Supervisory Board; the number of Executive Board members is established by the Supervisory Board, which has set a minimum of two members and a maximum of five. The Executive Board currently has four members and is responsible for the management of the company. It has the most extensive powers to act on behalf of Fives under all circumstances, limited only by the company purpose and powers expressly vested by the Supervisory Board and shareholder meetings. Every member of the Executive Board also have personal responsibility for supervising one or more of the Group’s Operational Divisions and one or several functional Fives departments.

 

The Executive Committee
To support it in its decision-making, the Executive Board has introduced an Executive Committee whose members include the Group’s key operational and functional managers. As the body responsible for consultation, recommendation and implementation, the Executive Committee meets to consider issues submitted to it, and to support the Executive Board in reaching those decisions that fall within its scope of competence. It also examines the proposals for improvement put forward by the Steering and Coordination committees. Its tasks include coordinating and monitoring the implementation of Group policies.

 

The Head of Country
He acts simultaneously as a leader, coordinator and representative for Group initiatives at the national level. He also manages Fives’ relationships with local stakeholders, and coordinates the relationship between these stakeholders and national Group companies.

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