2020 annual and sustainable performance report

Governance

Decision-making body

12
In fiscal year 2020, the Board of Directors met twelve times (compared to eight in 2019).

95%
The attendance rate was 95% (unchanged from 2019).

In 2021, in order to assess the contribution of Arkema’s innovations and strategy to environmental issues and sustainable growth, the Board of Directors decided to set up, with effect from the Annual Shareholders’ Meeting on May 20, 2021, a new committee for Innovation and Sustainable Growth.

Its members will be Victoire de Margerie (Chair), Ian Hudson, Isabelle Boccon-Gibod, Jean-Marc Bertrand and Bpifrance Investissement.²

1. Subject to the approval by the General Shareholders Meeting of May 20, 2021 of the fifth to seventh resolutions, the membership of the Audit and Accounts Committee and the Nominations, Compensation and Corporate Governance Committee will be amended as presented in paragraphs 3.3.4.1 and 3.3.4.2 of the Document d’enregistrement universel 2020, respectively.
2. Subject to its appointment as a director at the Annual Shareholders’ Meeting of May 20, 2021. For more details, refer to paragraph 7.2.2 of the Document d’enregistrement universel 2020.

Decision-making body

The Executive Committee manages the operational activities of Arkema alongside Thierry Le Hénaff. Each member oversees one or more business segments or several support functions. In 2020, three new members from inside Arkema joined the committee, including one woman and an American national.

Our top decision-making body, the Executive Committee, meets twice a month to examine strategic issues and growth and development plans, including capital expenditure, new capacity and acquisitions. It also supervises the implementation of the Group’s strategy, monitors the business and financial performance of our different activities, and attentively tracks safety and environmental performance.