Spie

Governance

SPIE’s corporate governance is based on the systematic implementation of the principles of transparency, risk prevention and management and the definition of its responsibilities and values.

Clayax Acquisition, the Group’s holding company, has a number of committees:

• An audit committee: this committee monitors the Group's internal procedures on financial commitments, gives an opinion on the draft company and consolidated financial statements and the Group’s accounting policies and methods and selects prospective statutory auditors.
• A remuneration committee: this committee advises the Board of Directors on all matters relating to Group policy on human resources and labour law (remuneration, changes to collective agreements and any other policy changes). The committee submits proposals and recommendations to the Board on the Group’s executive pay policy and any significant changes to collective agreements or its labour policy.
• A strategy and acquisitions committee: this committee defines the Group’s policy on acquisitions and financing. Group companies must consult it on any proposed transfer, acquisition, disposal, contribution, merger or spin-off above a given threshold.

The Group itself also has two specialised committees:

• The General Management Committee, which defines and implements the company's operational strategy and ensures that Group actions are consistent.
• The Risk Assessment Committee, which makes recommendations relating to the advisability of projects that represent a certain level of risk for the Group.