As of 30 October 2020, ACTIA Group changed its means of administration and management by changing from a Limited Liability Company with an Executive Board and Supervisory Board to a Limited Liability Company with a Board of Directors. The latter determines the Company’s business strategy and monitors execution. Executive management of the Company is now provided by a Chairman and Chief Executive, assisted by three Deputy CEOs.
Without referring to the Corporate Governance Code for listed companies of Middlenext in its latest edition of September 2021, our Company is largely inspired by this Code in the organization of its governance.
ACTIA Group’s Board of Directors, and the Boards of Directors and Management Committees of the subsidiaries monitor, during their regular meetings, risks that have already been identified and conduct ongoing monitoring and business intelligence of the markets, changes to technologies, and the competition in order to identify any new risks as they arise. They are responsible for developing and periodically examining performance indicators in the different areas and are also involved in the coordination of the budgeting and forecasting process carried out by the divisions, as well as for monitoring actuals.
In accounting and financial matters, management control and internal audit exists within each division. These internal controls are either carried out by a specific management control team or by the Finance Manager of the subsidiary, where there is reduced headcount. Accounting procedures are adapted depending on the business, the risks identified, the information systems and the size of the various subsidiaries. Concerning Group financial management: a dedicated team provides international financial management for the Group. Control is achieved through regularly reviewed reporting procedures and is further supported by visits to the subsidiaries. There may also be less regular meetings involving the finance and accounting teams from the subsidiaries.
BOARD OF DIRECTORS
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| Jean-Louis PECH Chairman and CEO | ||
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| Jean-François CALMELS Deputy CEO | Marine CANDELON-BONNEMAISON Deputy CEO | Catherine MALLET Deputy CEO |
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| Pierre CALMELS Honorary Chairman | Stanislas BAILLY Director | Catherine CASAMATTA Independant Director |
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| Carole GARCIA Independant Director | Laura PECH Director | Frédéric THRUM Director |
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| Véronique VEDRINE Independant Director | Marie-Louise RIBAUT Director representing the employees | Martine CHUPIN Director representing the employees |
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| Christian DESMOULINS Observer |