To ensure a balanced corporate governance
Board of Directors
According to Korian, Governance means a Board of Directors whose composition achieves a proper balance between expertise and independence. Each member brings his expertise to the implementation of the Group’s strategy, while allowing the Board of Directors to ensure the independence and objectivity necessary to the fulfilment of its missions.
With Christian Chautard as its Chairman, the Board of Directors determines the Company's business strategy and monitors its implementation. The modalities of its organisation and its operation are set in its Internal Regulations, as well as the rules of conduct its members must abide by.
The Specialised Committees
Four Committees assist the Board in its decisions and submit their propositions to it.
In addition to its missions related to the accounting process, it oversees management control, it ensures the clarity of public information and it analyses risk levels and risk prevention procedures.
Compensation and Appointments
It is in charge of, in particular, rendering an opinion on company agents candidates and on their remuneration, and periodically evaluating the functioning of the Board of Directors.
Its responsibility is to examine and render an opinion on any structuring investment or divestment of the Group.
Ethics and Quality Committee
This Committee validates and monitors the implementation of the Ethics and Quality process and validates the mapping of business risks, assesses business risks prevention processes within the Group and proposes improvement to the Board.
The Group Executive Committee
After the merger of the Group's businesses and organisation in 2014, the Group Executive Committee’s composition was modified in order to rebalance the size of the various entities represented therein and to strengthen the business expertise thereon. It is now composed of the Country Heads and the heads of the Group's strategic departments.
In each country where the Group operates, the Country Head is supported by a specialised team, which regularly meets in Management Committees to discuss country-specific "business" issues.
« Comply or Explain »
The Korian group refers to the AFEP-MEDEF Code of Governance, and particularly to the « Comply or Explain » rule. The Group deems that its practices comply with the recommendations of the AFEP-MEDEF Code, except where expressly indicated otherwise in the table reproduced in the Registration Document.