Orano - Annual Activity Report 2024 286 5 CORPORATE GOVERNANCE AND GENERAL INFORMATION Administration and management of the Company BREAKDOWN OF COMMITTEES’ WORK Source : Orano Board of Directors Determines the Company’s business guidelines and ensures their implementation, in accordance with its corporate interests, taking into consideration the social and environmental challenges of its activity. Supervises and monitors the preparation of accounting, ǶŠîŠČĿîŕ îŠē ƙƭƙƥîĿŠîċĿŕĿƥNj information, and the effectiveness ūlj ĿŠƥĚƑŠîŕ ČūŠƥƑūŕ Reviews the group’s risk mapping, ĿŠČŕƭēĿŠij ƙūČĿîŕɈ ĚŠDŽĿƑūŠŞĚŠƥîŕ îŠē ČŕĿŞîƥĚ ČĺîŠijĚ ƑĿƙŒƙ ūŠ ƥĺĚ ijƑūƭƎɫƙ îČƥĿDŽĿƥĿĚƙ îŠē Ŀƥƙ DŽîŕƭĚ chain /ŠƙƭƑĚƙ ĚƥĺĿČîŕ ČūŠēƭČƥ DžĿƥĺĿŠ ƥĺĚ ūŞƎîŠNj îŠē ĿŠ Ŀƥƙ ēĚîŕĿŠijƙ DžĿƥĺ ƥĺĿƑē ƎîƑƥĿĚƙɈ îƙ DžĚŕŕ îƙ ijƑūƭƎ ČūŞƎŕĿîŠČĚ îŠē ƥĺĚ ƎƑĚDŽĚŠƥĿūŠ ūlj ČūƑƑƭƎƥĿūŠ îŠē ĿŠǷƭĚŠČĚ ƎĚēēŕĿŠijɍ ¹ƑîČŒƙ ƥĺĚ ijƑūƭƎɫƙ ŠūŠɠǶŠîŠČĿîŕ rating ŠîŕNjǕĚƙ ƥĺĚ ŞîĿŠ ƙƥƑîƥĚijĿČ ijƭĿēĚŕĿŠĚƙ ljūƑ ƥĺĚ ijƑūƭƎɫƙ ēĚDŽĚŕūƎŞĚŠƥɈ ČūŠƙĿēĚƑĿŠij ĿŠ ƎîƑƥĿČƭŕîƑ ƥĺĚ ČĺîŕŕĚŠijĚƙ ĿŠ ƥĚƑŞƙ ūlj ƙūČĿîŕ îŠē ĚŠDŽĿƑūŠŞĚŠƥîŕ ƑĚƙƎūŠƙĿċĿŕĿƥNj ƭƥĺūƑĿǕĚƙ ƥĺĚ Şūƙƥ ĿŞƎūƑƥîŠƥ ƙƥƑîƥĚijĿČ ēĚČĿƙĿūŠƙ ƎƑūƎūƙĚē ċNj ƥĺĚ ĺĿĚlj /NJĚČƭƥĿDŽĚ ~ljǶČĚƑ îŠē ĚŠƙƭƑĚƙ ƥĺĚ îēĚƐƭîČNj ūlj ĿŠDŽĚƙƥŞĚŠƥ îŠē acquisition projects with the corporate project and the group’s ūċŏĚČƥĿDŽĚƙ ĿŠ ƥĚƑŞƙ ūlj ƙūČĿîŕ îŠē ĚŠDŽĿƑūŠŞĚŠƥîŕ ƑĚƙƎūŠƙĿċĿŕĿƥNj /NJîŞĿŠĚƙ ƥĺĚ ĿŞƎŕĚŞĚŠƥîƥĿūŠ ūlj ƥĺĚ ūŞƎîŠNjɫƙ ƙƥƑîƥĚijNj îƥ Ŀƥƙ ŕĚDŽĚŕ îŠē îƥ ƥĺĚ ŕĚDŽĚŕ ūlj Ŀƥƙ ƙƭċƙĿēĿîƑĿĚƙɈ ƥîŒĿŠij ĿŠƥū îČČūƭŠƥ ƥĺĚ ĿŞƎîČƥƙ ūlj ČŕĿŞîƥĚ change Discusses governance issues ƑĚŕîƥĚē ƥū ƥĺĚ ljƭŠČƥĿūŠĿŠij îŠē ūƑijîŠĿǕîƥĿūŠ ūlj ƥĺĚ ūîƑēɈ ĿŠ ƎîƑƥĿČƭŕîƑ ƥĺĚ ūîƑēɫƙ ēĿDŽĚƑƙĿƥNj ƎūŕĿČNj ¡ƑĚƎîƑĚƙ ƎƑūƎūƙîŕƙ ƑĚŕîƥĿŠij ƥū ƥĺĚ compensation of executive ČūƑƎūƑîƥĚ ūljǶČĚƑƙɈ ĿŠČŕƭēĿŠij ƙĚƥƥĿŠij ŠūŠɠǶŠîŠČĿîŕ ūċŏĚČƥĿDŽĚƙ ljūƑ DŽîƑĿîċŕĚ compensation /NJîŞĿŠĚƙ ƥĺĚ ijƑūƭƎɫƙ ƎūŕĿČĿĚƙ ĿŠ ƥĚƑŞƙ ūlj ijĚŠēĚƑ ĚƐƭîŕĿƥNj îŠē ēĿDŽĚƑƙĿƥNj îƙ DžĚŕŕ îƙ ƙŒĿŕŕƙ management /ŠƙƭƑĚƙ ƥĺĚ ĚƙƥîċŕĿƙĺŞĚŠƥ îŠē ĿŞƎŕĚŞĚŠƥîƥĿūŠ ūlj ƙƭČČĚƙƙĿūŠ ƎŕîŠƙ ūŠƥƑĿċƭƥĚƙ ƥū ƥĺĚ ŞūŠĿƥūƑĿŠij ūlj ƥĺĚ ƎūƑƥljūŕĿū ūlj ĚîƑŞîƑŒĚē îƙƙĚƥƙɈ ČūŠƙƥĿƥƭƥĚē ċNj ƥĺĚ ūŞƎîŠNjɫƙ ƙƭċƙĿēĿîƑĿĚƙ îƙ ŠƭČŕĚîƑ ūƎĚƑîƥūƑƙɈ ƥū ČūDŽĚƑ ƥĺĚĿƑ ljƭƥƭƑĚ ēĿƙŞîŠƥŕĿŠijɈ ČŕĚîŠɠƭƎ îŠē ŕūŠijɠƥĚƑŞ ƑîēĿūîČƥĿDŽĚ DžîƙƥĚ ŞîŠîijĚŞĚŠƥ ČūƙƥƙɈ DžĺĿŕĚ ensuring the consideration of ESG ČƑĿƥĚƑĿî ĿŠ ƥĺĚ ēĚDŽĚŕūƎŞĚŠƥ ūlj ƥĺĚ ƙƥƑîƥĚijĿČ îŕŕūČîƥĿūŠ ūlj ĚîƑŞîƑŒĚē assets qūŠĿƥūƑƙ ƥĺĚ ĿŠēƭƙƥƑĿîŕ ƑĚƭƙĚ ƎƑūijƑîŞ ljūƑ ċƭĿŕēĿŠijƙ ūƑ ƙĿƥĚƙ îljƥĚƑ ēĿƙŞîŠƥŕĿŠij îŠē ČŕĚîŠɠƭƎ operations Audit and Ethics Committee Strategy, Investments and Sustainability Committee Compensation and Nominating Committee End-of-Lifecycle Obligations Monitoring Committee In addition, to support it in its reflections on CSR issues (in particular issues related to global warming and the contribution to carbon neutrality) and the way in which these must be taken into account and integrated into its strategy, in 2021 the group set up a Stakeholders’ Panel composed of independent external figures from civil society. This committee, whose role is advisory, is not a committee of the Board of Directors (see Chapter 4, Section 4.4.1). 5.1.2.2 The Chairman of the Board of Directors The Chairman represents the Board of Directors and, other than in exceptional circumstances, is the sole person authorized to act and speak on behalf of the Board of Directors. In coordination with the Executive Management, the Chairman may take part in defining the group’s strategic directions and may represent the group in France and abroad in its relations with public officials and the group’s partners. The Chairman organizes and manages the work of the Board of Directors and ensures the smooth functioning of the Company’s bodies in compliance with the principles of good governance. He coordinates the work of the Board of Directors with that of the Board’s committees. He ensures that the directors, the Head of the Control Mission, the Government Commissioner and, where applicable, the nonvoting board member(s), have, in good time and in a clear and appropriate format, the information they require to carry out their responsibilities. The Chairman provides liaison between the Board of Directors and the Company’s Shareholders, in concert with Executive Management. In accordance with the recommendations of the Afep-Medef Code (Article 4.4), the Chairman of the Board is responsible for the relations between shareholders and the Board of Directors. In this capacity, he chairs the meetings of the Advisory Committee set up by the Shareholders’ Agreement (see Section 5.1.3). The Chairman of the Board of Directors also chairs the Stakeholders’ Panel. He reports to the Board on its concerns, expectations and suggestions. Pursuant to French Law No. 2024-450 of May 21, 2024 on the organization of the governance of nuclear safety and radiation protection to meet the challenge of relaunching the nuclear sector, the Chairman of the Board of Directors is appointed by decree after consulting the competent standing committees of the National Assembly and the Senate. This change does not apply to the term of office of the current Chairman of the Board of Directors.
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