Renewal of Board members proposed to the General Meeting to be held on 17 may 2022
The Board of Directors, upon the proposal of the Nomination and Corporate Governance Committee, approved the proposed renewals of Board members ahead of the Shareholders’ General Meeting to be held on 17 May 2022.
At the General Meeting on 17 May 2022, the Board of Directors will propose to the shareholders to renew the terms of Mr Lorenzo Bini Smaghi, Mr Jérôme Contamine and Ms Diane Côté as directors for a period of four years.
Mr Lorenzo Bini Smaghi, independent director since 2014 and Chairman of the Board of Directors since the separation of the functions of Chairman of the Board of Directors and of Chief Executive Officer on 19 May 2015, will be proposed for a third term. An Italian national, Mr Lorenzo Bini Smaghi brings to the Board of Directors a wealth of experience in the international financial world.
If it is voted to renew his term, the Nomination and Corporate Governance Committee will propose to the Board of Directors that he continues to serve as chairman of the board based on the positive assessments of the operation of the Board of Directors each year since 2015. The functions of the Chairman and of the Chief Executive Officer will remain separate in accordance with Article 511-58 of the French Monetary and Financial Code.
Mr Jérôme Contamine, independent director, member of the Audit and Internal Control Committee since 2018 and Chairman of the Compensation Committee since 2021 (member since 2020) will be proposed for a second term. A French national, Mr Jérôme Contamine brings recognised experience in the management of large companies and financial expertise to the Board. He is a director and member of the Audit Committee of TotalEnergies.
Ms Diane Côté, independent director, member of the Audit and Internal Control Committee since 2018 and member of the Risk Committee since 2021, will be proposed for a second term. Ms Diane Côté is a Canadian national and brings her expertise in the areas of audit, risk and finance to the Board. She is an independent director of X-Forces Enterprises (United Kingdom).
If the General Meeting accepts these proposals, the Board of Directors will continue to comprise 42% women and over 90% independent board members, with 50% of directors being foreign nationals, excluding the three employee members.
The Board has ensured that, with these members, it will have all the necessary skills to function properly and to carry out its duties of defining the Societe Generale group’s strategy and monitoring its implementation.
Press Contacts:
Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com