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Unambiguous, transparent corporate governance

In each Group company, a board of directors (or supervisory board) and rules of procedure guarantee the application of governance principles and clearly define the powers vested in the various decision-making and management bodies.

The Nexter Systems Board of Directors has eight members, three of whom are employee representatives. The  Board  of  Directors  of  GIAT  Industries  –  Nexter’s financial  holding  company – has 18 members split between government representatives, employee representatives and independent directors. The GIAT Industries Board also has three specialist committees: the Audit Committee which approves the financial statements and has responsibility for internal compliance, the Bids Committee and the Compensation Committee. Each of these committees is chaired by an independent director.

This organizational structure provides GIAT Industries and its shareholder with access to comprehensive, transparent information on a regular basis.

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