Corporate governance

Since 1994, Vallourec has been governed by a dual management structure comprising a Supervisory Board and a Management Board, which together provide for balanced management that safeguards the interest of shareholders.

A diversified, independent Supervisory Board

The Supervisory Board

Chaired by Vivienne Cox, the Supervisory Board is the Company’s controlling body, the Management Board of which insures the management and the administration. The Supervisory Board ensures that the strategy applied by the Management Board is suited to the guidelines it has approved. It performs its duties in accordance with the recommendations of the AFEP-MEDEF corporate governance code. The Supervisory Board met ten times in 2018. The term of office of the Board members is four years.

Supervisory Board's Internal Rules

Board Committees

The Board is advised by four special committees: the Finance and Audit Committee, the Appointments, Compensation and Governance Committee, the Strategy Committee and the Corporate, Social Responsibility (CSR) Committee.

General Meetings

The annual shareholders' meeting provides an opportunity for the Group to communicate information and engage in dialogue with its shareholders. It is also the occasion for shareholders to take an active role in the governance of the Group by exercis​​ing their voting rights. 

Legal statuts


French limited liability company (société anonyme) with a Management Board and a Supervisory Board

Registered office : 27 avenue du Général Leclerc – 92100 Boulogne Billancourt

N° 552 142 200 RCS Nanterre

Vallour​ec's By-laws


Statutory Auditors

Represented by:
Mme Alexandra Saastamoinen
Tour Eqho - 2, avenue Gambetta
92066 Paris-La Défense Cedex

Deloitte & Associés
Represented by:
Mme Véronique Laurent
Tour Majunga - 6, place de la Pyramide   92908 Paris La Défense Cedex

Date on which first appointment commenced:
1 June 2006
Date of renewal: 
25 May 2018
Date on which first appointment commenced:
1 June 2006
Date of renewal: 
25 May 2018