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.
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
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 exercising their voting rights.
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 NanterreVallourec's By-laws
KPMG SARepresented by:Mme Catherine PortaTour Eqho - 2, avenue Gambetta92066 Paris-La Défense Cedex
Deloitte & AssociésRepresented by:M. Christophe Patrier185, avenue Charles-de-Gaulle92524 Neuilly-sur-Seine Cedex
KPMG AUDIT ISAlternative auditor for KPMG SATour Eqho - 2, avenue Gambetta92066 Paris-La Défense Cedex
BEASAlternative auditor for Deloitte & Associés185, avenue Charles-de-Gaulle92524 Neuilly-sur-Seine Cedex
Vallourec Shareholders’ Meeting, 25 May 2018
Vallourec Supervisory Board