(Boursier.com) — As part of the evolution of the governance of the Company, proposed by the Supervisory Board, the Nomination Committee of Publicis Group met on May 15, under the chairmanship of Mame Elisabeth Badinter, to recommend the following appointments:
– André Kudelski as Lead Director. In this capacity, his main missions will be to ensure the proper functioning of the Company’s governance bodies alongside the Chairman of the Board of Directors, to chair Executive Sessions, to monitor situations of conflicts of interest and supervise the evaluation process of the Board of Directors. It will also be a point of contact for shareholders.
– Arthur Sadoun as Chairman and CEO.
– Elisabeth Badinter as Vice-President of the Board of Directors.
– Maurice Lévy as Honorary President of Publicis Groupe.
The Nomination Committee also made its recommendation concerning the composition of the 4 committees of the Board of Directors.
To the Audit and Financial Risks Committee, responsible for monitoring the process of preparing financial and extra-financial information, the effectiveness of internal control and risk management systems and supervising external control: Jean Charest (President); Jean-Michel Etienne (Expert); Tom Glocer, André Kudelski, Suzan LeVine, Tidjane Thiam (Members).
To the Nomination Committee, which deals with all questions relating to the composition of the Board of Directors and General Management: Elisabeth Badinter (President); Jean Charest, Marie-Josée Kravis, André Kudelski, Suzan LeVine, Arthur Sadoun (Members).
To the Remuneration Committee which deals with all elements of remuneration of corporate officers and key managers of the Group: Antonella Mei-Pochtler (President); Michel Cicurel (Expert); Tom Glocer, André Kudelski, Patricia Borrini (Members).
To the Strategic, Environmental and Social Committee, responsible for examining all aspects of the Group’s strategy, including its environmental and social commitments: Marie-Josée Kravis (President); Simon Badinter, Tom Glocer, Antonella Mei-Pochtler, Tidjane Thiam, Sophie Dulac (Members).
These recommendations will be examined by the Board of Directors which will meet following the General Meeting on May 29, if the change in the company’s governance mode is adopted.
“These proposals aim to strengthen the balance of the next Board of Directors, if the general meeting votes in favor of changing the governance statutes, in particular with the appointment of a lead director. After careful consideration, the Nomination Committee has appointed André Kudelski, whose personality and experience will enable him to effectively exercise this role. The Supervisory Board carried out very in-depth work before unanimously approving my proposals to adopt the governance statutes. single Board of Directors and to appoint Arthur Sadoun as Chairman and CEO of the company. It is aware of their duties regarding the future of the company that the members of the Supervisory Board have spoken out. resolutely for this form of governance, capable of maintaining at the highest level the manager who has made the group successful in recent years, allowing it to become the leading market capitalization in the sector, with the highest growth rate and financial indicators in the industry. Arthur Sadoun will be able to continue to count on my full support and active participation wherever he needs it,” explains Maurice Lévy, Chairman of the Supervisory Board.
Arthur Sadoun, Chairman of the Management Board, adds: “Over the last 7 years, the tandem that we form with Maurice Lévy has allowed Publicis to stand out from the crowd to become the undisputed leader in our industry. Through this proposed change in governance, we we hope to maintain this duo to continue to innovate for our customers, our employees and our shareholders at the dawn of the hundredth anniversary of our group.”