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CORPORATE GOVERNANCE
2
THE BOARD OF DIRECTORS
Regulation no. 596/2014 dated 16 April 2014 on market abuse and
its implementing legislation, which came into force on 3 July 2016.
Each Company officer is required to declare in writing that they have
read this Code. In addition, each year the Company informs its officers
of the dates on which it intends to publish quarterly and half-yearly
financial information and the associated closed periods.
This process has been extended to all of the Group’s key personnel
who have access to inside information.
CHANGES ON THE BOARD
Apart from the changes described in Section 2.1.1.1 above, no changes on the Board occurred in 2016 and none are expected to occur in 2017.
2.1.1.2
Information about Company officers
Recommendation of the AFEP-MEDEF Code not applied by Assystem
Explanation
The AFEP-MEDEF Code recommends staggering directors’ terms of office
in order to avoid re-electing all directors at the same time and to ensure
a smooth re-election process.
Members of the Board of Directors of Assystem are elected for a three-year term
but these terms are not staggered. Consequently, all of the Board’s members
were re-elected in May 2014 and at the Annual General Meeting to be held
on 16 May 2017, shareholders will be invited to re-elect them for a further
three-year term.
The Company’s decision in this respect was based on the underlying principles
of the Articles of Association and the Rules of Procedure governing the Board’s
membership structure. As Assystem has a majority shareholder, these principles
guarantee fair and collective representation of all shareholders and the best
interests of the Company, particularly in view of the presence of independent
directors. It was therefore not considered useful to stagger directors’ terms
of office.
ASSYSTEM
REGISTRATION DOCUMENT
2016
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