InformationregardingtheCompanyandcorporategovernance
1
7
LISI 2014FINANCIALREPORT
I
127
2.2
|
Activitiesof theBoardandcommittees
during theyear
2.2.1ActivitiesoftheBoardin2014
The Boardmet five times during fiscal 2014 and the rate of meeting
attendanceof itsmemberswas97%.
TheBoarddiscussed the key topics and took themajor decisions listed
below:
■■
Sessionof February 20, 2014:
review and closing of the accounts for
the financial year 2013; decision topropose to theGeneralMeetingof
April 23
rd
theappointment of threenewdirectors, bringing to31% the
rateof female representationon theBoard; decision topropose to the
General Meeting of April 23
rd
the division by 5 of the nominal value
of the security; decision to carry out a capital increase reserved for
employeesoftheLISIGroupaspartofagroupsavingsplan.
■■
MeetingofApril23,2014:
ontheactivityandresultsoftheGroup inQ1;
decision toaward thenumberof performance sharesof the2011plan;
validationoftheacquisitionprocedureofManoirAerospace.
■■
Session of July 24, 2014:
review and preparation of the accounts for
the 1
st
half of fiscal 2014; reviewof thedevelopment of the Structural
ComponentsarmandclosureoftheThiantplant;decisiontoestablisha
NominationsCommitteeseparatefromtheCompensationCommittee;
adoption of new Rules of Procedure regarding the operation of the
Boardand itscommittees.
■■
MeetingofOctober 23, 2014:
on theactivity and results of theGroup
inQ3; reviewof thedevelopment of the Structural Components arm;
reviewandapprovalof theGroup's5-year strategicplan;definition the
termsofthe2014performanceshareawardplan; tourofthefacilitiesof
LISIAUTOMOTIVEatGrandvillars,DelleandDasle.
■■
Meeting of December 18, 2014:
review and approval of the Group's
2015budget; annual reviewof thegovernanceof thecompanyand the
operationoftheBoardand itscommittees; ratificationoftheproposed
changes inthisarea.
2.2.2Committeeactivitiesin2014
BoardCommitteesmet5timesduringthefiscalyear2014andtherateof
meetingattendanceof itsmemberswas79%.
■■
AuditCommittee:
TheCommitteemettwice in2014.
Itheard theAuditors report on theperformanceof their taskandwas
informed by the company’s Internal Control Manager. Information
relating to the consolidation perimeter and to the off-balance sheet
risksdescribedintheappendixtotheconsolidatedfinancialstatements
was sent to the Audit Committee, which submitted a report on its
work to the Board of Directors. The Committee also reviewed the
impairmenttests, thecontroloftheGroup'smajor investmentsandthe
riskofcompetingtechnologicaldevelopments.
■■
CompensationCommittee:
TheCommitteemettwice in2014.
It presented its recommendations to the Council on the rules of
remuneration of senior staff of LISI S.A., both fixed and variable; it
shouldbenoted that in2014, thevariablepart calledBonusonTargets
was linkedtotheachievementofannualtargets intermsofprofitability
(operating margin), cash flow (free cash flow) and management
(compliance with the strategic and operational action plans). The
CommitteealsoproposedtotheBoardtheconditions forawardingthe
2011and2014performanceshareplans.
■■
StrategicCommittee:
TheCommitteemetonce in2014.
ItreviewedtheGroup's2014-2018strategicplanpresentedbythesenior
managementofLISIS.A.,togetherwiththeleadersoftheaerospaceand
automotivedivisionsandapprovedthestrategicorientationsthatwere
exposed to it indetailaswellas thekey figures in thisplan. Italso took
noteofthekey issuesthatderivedandthatseniormanagement intends
toaddressduring fiscal2015.
2.3
|
Employees
2.3.1Headcount
2.3.1.1Registeredemployeesatperiodendbycategory
ThetablebelowshowsthebreakdownofGroupstaffbycategory:
2014
2013 Difference
N/N-1
Management
965
823
+17.3%
Supervisors
834
810
+3.0%
Staffandworkers
8,902
7,606
+17.0%
Total
10,701
9,239
+15.8%
2.3.1.2Registeredemployeesatperiodendbydivision
ThetablebelowshowsabreakdownofGroupstaffbybusinessactivity:
2014
2013 Difference
N/N-1
LISIAEROSPACE
6,957
5,604
+24.1%
LISIAUTOMOTIVE
3,186
3,143
+1.4%
LISIMEDICAL
538
474
+13.5%
Holdingcompany
20
18
+11.1%
Total
10,701
9,239
+15.8%
Temporarystaffengaged
803
546
+47.1%
