Explore Corporate governance
Schneider Electric is a European company with a Board of directors. The functions of Chairman and Chief Executive Officer are carried out by Jean-Pascal Tricoire, who was appointed Chairman and Chief Executive Officer on April 25, 2013 and renewed on April 25, 2017.
The Board of directors will deliberate again in 2018 on the exercise mode of general management in accordance with article 1 of its internal regulations, which provide that once it has decided to combine the functions of Chairman and CEO, the Board must deliberate on its choice every year.
The exercise by Mr. Tricoire of the functions of Chairman and Chief Executive Officer seems particularly appropriate to the Board of directors.
The company applies AFEP/MEDEF corporate governance Code of listed corporations. The code is available online here
Schneider Electric SE’s articles of association updated on July 11, 2017 >
Board of Directors and its committees
The Board of directors shall determine the strategic orientation of the Company’s business and oversee implementation thereof. It shall examine any and all matters related to the efficient operation of the business and make decisions about any and all issues concerning the Company, within the limits of the corporate purpose, except for those matters which, by law, can only be decided on by the shareholders in a Shareholders’ Meeting.
In its internal regulations, the Board has set out the roles, responsibilities and resources of its four study committees: the Audit and Risk committee, the Governance and Remunerations committee, the Human Resources & CSR committee and the Strategy committee.
Committee members are appointed by the Board of directors upon the proposal of the Governance Committee.
Internal regulations of the Board of Directors (pdf, 85 Kb) >
About the Board of Directors>
The Chairman and CEO
On April 25, 2017, the Board of directors decided to combine further the functions of Chairman and Chief Executive Officer, and to re-appoint Jean-Pascal Tricoire as Chairman and Chief Executive Officer further to his renewal as director by the Shareholders’ Meeting on the same day. In accordance with its internal regulations, the Board of directors shall deliberate again on the combination of the functions of Chairman and Chief Executive Officer, confirmed its decision in 2018.
The Chairman and CEO represents the company in its dealings with third parties. He is vested with the broadest authority to act in any and all circumstances in the name and on behalf of the Company. He exercises this authority within the limits of the corporate purpose, except for those matters that are reserved by law expressly to the Shareholders’ Meetings or the board of directors. In addition, the internal regulations of the board of directors stipulate that the Chairman and CEO must submit for approval to the board any acquisition transactions or disposal of assets amounting to more than EUR250 million as well as any strategic partnership agreement.
Biography of Jean-Pascal Tricoire (pdf, 50 Kb) >
The Deputy CEO
On April 25, 2017, upon the proposal of Jean-Pascal Tricoire, the Board of directors re-appointed Emmanuel Babeau as Deputy CEO in charge of Finance and Legal Affairs. Mr. Emmanuel Babeau has been Deputy CEO in charge of Finance and Legal Affairs since April 25, 2013.
Biography of Emmanuel Babeau (pdf, 23 Kb) >
Corporate Officers’ compensation and Regulated agreements>
The Executive Committee
Chaired by the Chairman and CEO, the Executive Committee supports the operational management of the Group.
More about the Executive Committee>