122 / 164
INFORMATION REGARDING THE COMPANY AND CORPORATE GOVERNANCE
122
LISI 2015 FINANCIAL REPORT
(in €'000)
Ernst & Young
Exco Cap Audit
Foreign auditors
Amount
Amount
Amount
N
N-1
N
N-1
N
N-1
Audit
Auditors, certification, review of individual and consolidated financial statements
– Holding company
35
33
31
33
– Fully consolidated subsidiaries
707
721
205
255
144
92
Other due diligence and services
– Holding company
16
16
– Fully consolidated subsidiaries
78
215
10
2
1
1
Sub-Total
836
984
245
290
145
93
Other services rendered by the networks to the fully consolidated subsidiaries
Legal, tax, and social
Miscellaneous services
Sub-Total
TOTAL
836
984
245
290
145
93
2
/
CORPORATE GOVERNANCE
LISI is a "
société anonyme
" (limited company) with a Board of
Directors, governed by French law, in particular the provisions
of Book II of the Commercial Code, and a number of provisions
of the regulatory section of the French Commercial Code. The
Company has set up measures aiming to comply with the
market recommendations regarding the corporate governance
principles (refer in particular to the Board Chairman's report).
The LISI Group is a member of the AFEP-MEDEF corporate
governance code, whose recommendations it meets, except for
those set out in paragraph 2.10 of this chapter, in accordance
with the “Apply or explain” rule of the AFEP-MEDEF Code. Such
membership has been confirmed by the Board of Directors.
At its meeting of February 17, 2016 and in accordance with the
Company's bylaws, LISI's Board of Directors implemented the
decision it had taken and announced on October 21, 2015 to
separate the functions of Board Chairman from those of Chief
Executive Officer and to appoint a Deputy CEO.
Thus, as fromMarch 1
st
, 2016:
■■
Gilles Kohler, previously Chairman & CEO of the Company,
is no longer its CEO but retains his non-executive function
as Chairman of the Board of Directors. In this role, he is in
charge of the Company's governance, contributes to the
formulation of strategy and oversees Group internal control.
■■
Emmanuel Viellard, previously Deputy Chairman & CEO, is
now in charge of the Group's senior management. His main
duties are to draw up Group strategy and present it to the
Board of Directors for approval, oversee the implementation
of the strategy once approved by the Board, manage the
Company and its divisions, and ensure its development,
cohesion and long-term sustainability.
■■
Jean-Philippe Kohler has been appointed Deputy CEO
alongside Emmanuel Viellard and remains in charge of the
Group internal auditing, now extended to finance, safety,
environment and industrial management. He also retains
responsibility for managing and coordinating Group Human
Resources.
Moreover, at this meeting, the Board appointed independent
director Lise Nobre to the post of Vice-Chair, to back Gilles
Kohler on corporate governance issues.