A robust and committed governance
The highest standards of independence, transparency, openness, inclusiveness, and responsibility guide FORVIA’s and HELLA’s governance and ensure the companies deliver on their joint strategy.
Three Committees have a role of preparing specific deliberations of the Board of Directors. They issue proposals, recommendations and advice in their area of expertise.
Governance, Nominations and Sustainability Committee
The Governance, Nominations and Sustainability Committee deals with issues relating to the composition and operation of the Board of Directors and its Committees. More generally, the Committee assesses the Company's governance structure and handles the selection and succession process for the Chairman of the Board, the members of the general management and the Board members. It conducts the governance’s assessment process (assessment of Board and Committees’ work, examination of Board members’ independence) and it annually reviews the selection and succession plans of the members of the Executive Committee. The Committee is also in charge of assessing the policy followed by the Company in ethics and compliance as regards good governance practice and reviewing social and environmental responsibility matters.
This Committee comprises three members, all independent:
- Jean-Bernard Lévy, chair,
- Michel de Rosen,
- Penelope Herscher.
The Compensation Committee deals with issues relating to the compensation of the Chairman of the Board, members of the general management and Board members. More generally, the Committee deals with issues associated with long term incentive plans policy. It is also informed of the performance and the compensation of the Executive Committee and also reviews the evolution of the compensation policy applicable to the Group main managers (Executive Committee, Group Leadership Committee).
This Committee comprises three members (of which two independent members including the Chair):
- Denis Mercier, chair,
- Daniel Bernardino,
- Michael Bolle.
The Audit Committee with the primary role of reviewing the approval process for the corporate and consolidated financial statements as well as the process of preparing financial information. It ensures the relations with the statutory auditors of which it handles the selection process and checks the independence and follows internal control and risks management processes. It also reviews the budget, its execution and, more generally, the Group's financial situation.
This Committee comprises four members (of which two independent members including the Chair):
- Odile Desforges, chair,
- Esther Gaide,
- Valérie Landon,
- Robert Peugeot,
- Emmanuel Pioche.