Group

Corporate governance


Mersen has adopted on May 19, 2009 a governance structure comprising a Management Board and a Supervisory Board backed up by three specialized committees.

Code of corporate governance

The Group abides by the AFEP-MEDEF’s code of corporate governance for listed companies. More generally, the Group strives to define and apply rigorously the most exacting rules in terms of transparency, quality of information and checks and balances on powers.

Checks and balances on powers and segregation of duties

The executive and management powers are exercised by the Management Board. The permanent control powers exercised by the Supervisory Board are described in the Internal rules of the Supervisory Board.

Internal control

The Management Board of Mersen designs and supervises internal control policy and arrangements. Each business unit manager is then responsible for implementing them. A handbook listing all the minimum internal control procedures is circulated to the entire Group.

Three specialized committees

To control three specific areas of governance that are strategically important for the Group, the Supervisory Board has set up three committees, namely the Audit and Accounts Committee, the Appointments and Remuneration Committee and the Strategy Committee.

Corporate Governance principles are described in the Group's Reference Document.

 

Mersen at a glance

Global expert in materials and solutions for extreme environments as well as in the safety and reliability of electrical equipment Mersen designs innovative solutions to address its clients specific needs to enable them to optimize their manufacturing process in sectors such as energy, transportation, electronics, chemical, pharmaceutical and process industries.