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 2017. The term of office of the Board members is four years.

Supervisory Board's Internal Rules

Board Committees

The Board is advised by three special committees: the Finance and Audit Committee, the Appointments, Compensation and Governance Committee and the Strategy 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

VALLOUREC

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

Auditors

Statutory Auditors

KPMG SA
Represented by:
Mme Catherine Porta
Tour Eqho - 2, avenue Gambetta
92066 Paris-La Défense Cedex

Deloitte & Associés
Represented by:
M. Christophe Patrier
185, avenue Charles-de-Gaulle
92524 Neuilly-sur-Seine Cedex

Date on which first appointment commenced:
1 June 2006
Date on which first appointment commenced:
1 June 2006

 

Alternative Auditors

KPMG AUDIT IS
Alternative auditor for KPMG SA
Tour Eqho - 2, avenue Gambetta
92066 Paris-La Défense Cedex

BEAS
Alternative auditor for
Deloitte & Associés
185, avenue Charles-de-Gaulle
92524 Neuilly-sur-Seine Cedex

Date on which first appointment commenced:
31 May 2012
Date on which first appointment commenced:
11 June 2002​​​​​