Audit Committee
The Audit Committee of the John Cockerill Group ensures that the internal control and risk management systems are adequate and efficient. It also monitors the quality and integrity of the financial reports, and in particular supervises the process of preparation of the annual accounts.
The Audit Committee formulates recommendations to the Board of Directors on the appointment, remuneration and independence of external auditors.
This committee is chaired by Jean-Pol Poncelet, an independent director. Bernard Serin, Chairman of the Group, and Nicolas Serin, Vice-Chairman of the Group, are members. Diego Aquilina, an independent director, is a permanent guest.
The Audit Committee relies on the work of the Internal Audit Unit in carrying out its missions. The Ethics Committee also reports to it.
Corporate Social Responsibility Committee
The Corporate Social Responsibility Committee defines and oversees the John Cockerill Group’s sustainability policy. It also makes recommendations to the Board of Directors on how to integrate sustainability into key issues and strategic decisions. Finally, it is responsible for approving the Group’s implementation plan and non-financial report.
This committee is chaired by Nicolas Serin and is composed of members selected and recognized for their experience and expertise: Sophie Dutordoir and Jean-Pol Poncelet, independent directors of John Cockerill, Véronique Sorlet, Chief Sustainability Officer, and François Michel, Chief Executive Officer.
Appointment and Remuneration Committee
The Appointment and Remuneration Committee of the John Cockerill Group assists the Board of Directors and the shareholders in the choice of directors, members of the specialised committees and Group managers to be members of the Executive Committee.
This committee also decides on the remunerations of the senior executives of the John Cockerill Group. It is assisted in this mission by experts independent of the management bodies of John Cockerill. It is chaired by Bernard Serin and is composed of Nicolas Serin and Diego Aquilina. The Group’s Chief Executive Officer, François Michel, also participates when his case is not being discussed.
