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DANONE
REGISTRATION DOCUMENT 2015
Corporate Governance
6.1 Governance bodies
228
Strategy Committee
The Board of Directors decided at its meeting on September 2, 2014 to create a fourth specific governance body, the Strategy Committee.
Composition
As of December 31, 2015, the Strategy Committee comprised the following five Directors:
Start date as Committee member
Franck RIBOUD
Chairman of the Committee
2015, Chairman since 2015
Emmanuel FABER
Committee Member
2015
Benoît POTIER
(a)
Committee Member
2015
Isabelle SEILLIER
Committee Member
2015
Jean-Michel SEVERINO
(a)
Committee Member
2015
(a) Independent Director.
Rules of procedure
Main provisions
The mission of the Strategy Committee is to analyze Danone's major
strategic policies.
The Strategy Committee prepares and informs the work of the Board
on key matters of strategic interest such as:
•
development priorities;
•
external growth opportunities;
•
divestment transactions;
•
significant agreements and partnerships;
•
transactions involving the Company's share capital;
•
diversification opportunities;
•
more generally, any transaction of significance for Danone's future.
Work
The members of the Strategy Committee, a new Board of Directors'
Committee, were appointed during the Board of Directors' meeting
of February 19, 2015 at the recommendation of the Nomination and
Compensation Committee.
In 2015, the Strategy Committee met three times following a prepa-
ratory meeting with the prospective members at the end of January
to discuss the Committee's operating rules (number of meetings,
meeting structure and preparation, work topics and issues). The
Committee members' attendance rate, expressed by their rate of
participation at these meetings, was 100%.
The Strategy Committee is not a decision-making body and its
function is to make recommendations to the Board of Directors
regarding strategic matters.
Its responsibilities include:
•
conducting an in-depth review, prior to the Board of Directors'
meeting, of the strategic projects that may be proposed by
General Management,
•
discussing new strategic policies in a proactive way, and to do so,
•
monitoring changes in Danone's competitive environment,
emerging trends and threats and opportunities related to chang-
es in markets, consumption patterns and manufacturing and
distribution methods.
In this connection, the Committee's work in 2015 mainly focused on
reviewing and understanding Danone's strategic environment and
major trends in the worldwide food and beverage sector over the
previous months. The first meetings were also an opportunity to
share a detailed analysis of the status and outlook of certain product
categories in which Danone is a major global player.