The Executive Committee is responsible for considering, consulting and deciding on the company's broad strategic options. It meets in general once every two weeks.
- A cohesive team dedicated to deploying a coherent strategy
- Members of the Executive Committee
- Cross-divisional committees for true accountability
A cohesive team dedicated to deploying a coherent strategy
The Executive Committee (ExCom) of Veolia Environnement will meet under Antoine Frérot's Chairmanship every two weeks in order to settle on the directions and the main decisions concerning the company.
Moreover a Management Committee that represents all the functional departments and geographic zones of our company will meet every two months to discuss all the stakes and the perspectives of the Group.
The Executive Committee is also supported by a series of specialized bodies working on critical, major cross-divisional issues.
Members of the Executive Committee
(including Antoine Frérot, Chairman and Chief Executive Officer of Veolia Environnement)
Director innovation and markets
Chief Operating Officer
Director of Northern Europe Zone
Director of Asia Zone
Director of Central and Eastern Zone
Director of Global Enterprises
Senior Executive Vice-President in charge of the Energy Services Division
Senior Executive Vice-President in charge of human resources
Helman le Pas de Sécheval
Senior Executive Vice President and Chief Finance Officer
Cross-divisional committees for true accountability
The Disclosure Committee
The Disclosure Committee was created by the Chairman of the Executive Board and the Company's Chief Finance Officer on December 11, 2002, the date on which the proposal to create such committee was submitted to the Company's Executive Board. The meetings of the committee are chaired by the Chairman and Chief Executive Officer.
In addition to the Chairman and Chief Executive Officer, the Disclosure Committee comprises the members of the Company's Executive Committee, the financial managers of each division and the key managers of the Company's major centralized departments.
According to its internal regulations, the main duties of the Disclosure Committee are to oversee the implementation of internal procedures for gathering and verifying information to be made public by the Company, to define the procedures for preparing and drafting reports and communications, to review information communicated and to approve the final version of draft reports and communications, in particular the Reference Document and Form 20-F, that are to be filed with the French and U.S. stock exchange authorities, as well as the manner in which they are published, filed or registered.
The Disclosure Committee meets as often as is necessary to perform its duties and, in any event, at least twice a year. It meets first before the end of each year to organize and initiate the process of drafting the registration document and Form 20-F for the past fiscal year. It meets again before Form 20-F is filed with the U.S. Securities and Exchange Commission (SEC) in order to approve the content of this report. If necessary, the committee may meet before the announcement of any significant events.
The Disclosure Committee met twice in 2010. At its meeting of April 13, it reviewed, among other things, the procedures for preparing and approving Form 20-F before it was filed with the SEC on April 19, 2010, as well as the certificates required to be provided by the Chief Executive Officer and the Chief Finance Officer in accordance with U.S. stock exchange regulations. At its meeting of November 29, 2010, the Disclosure Committee mainly reviewed recent regulatory developments that could have an impact on the communication and publication of information intended for the market, in particular through the registration document and Form 20-F, and initiated the process of gathering information and drafting the annual reports for the 2010 fiscal year.
The Risk Committee
The Group Risk Committee is the body responsible for validating and monitoring the action plans put in place to act on the major risks identified in risk mapping. The Committee is chaired by the Secretary General and directed by the Group Risk Manager.
It brings together the managers of the different administrative departments at head office and in the divisions including the finance directors.
Each of the divisions has its own Risk Committee just like Veolia Environnement, so as to validate and monitor the deployment of action plans acting on the major risks identified during their own risk mapping.
The Group Risk Committee held one meeting in 2012 to present and discuss the risk map, a methodological tool shared throughout the Company.
The Ethics Committee
The Ethics Committee, set up in 2004, considers all issues connected with the Ethics, Belief and Responsibility program launched in 2003. This program is a full-scale corporate project intended to guide the daily conduct of company employees companywide.
The program expresses the fundamental values of Veolia Environnement such as respect for human rights, strict compliance with national laws, fair treatment of clients and consumers, commitment to sustainable development, and solidarity. The committee has a duty to independence and confidentiality. It may take up ethics-related issues on its own but employees can also refer to it for any questions.
Listed in the United States and France, Veolia Environnement complies with the French Financial Security Act of August 1, 2003 (Loi de Sécurité Financière) and the 2002 Sarbanes-Oxley Act in the United States.
The company has an Internal Audit Department and an Internal Control Department. It has also deployed a risk-mapping system and runs action plans, coordinated by the Risk Management Department.