Governance

McPhy governance relies on the organization of the management and control committees. These are the Board of Directors and the Executive Committee, with three specialized committees.

Role of the Board of Directors

The McPhy Board of Directors defines the Group’s strategic orientations. It comprises ten directors with complementary skills and experience in energy and finance. Four are independent directors.

For further information about McPhy directors, their careers and expertise, please view their profile on the “Board of Directors” page.

First appointed End of term
Pascal MAUBERGER Chairman of the Board of Directors 30 June 2009 (as Chairman of the Board of Directors) Annual general meeting approving the financial statements for the 2020 fiscal year
Jean-Marc AUBRY Permanent representative of Technip Energies B.V 07 January 2021 Annual general meeting approving the financial statements for the 2023 fiscal year
Léopold DEMIDDELEER Independant director 26 September 2013 (as Chairman of the Supervisory Board) Annual general meeting approving the financial statements for the 2020 fiscal year
Jillian EVANKO Permanent representative of Chart Industries, Inc 07 January 2021 Annual general meeting approving the financial statements for the 2023 fiscal year
Eléonore JODER Independent director 06 December 2020 Annual general meeting approving the financial statements for the 2020 fiscal year
Myriam MAESTRONI Independent director 21 May 2015 Annual general meeting approving the financial statements for the 2020 fiscal year
Laure MICHEL Permanent representative of Bpifrance Investissement 27 July 2017 Annual general meeting approving the financial statements for the 2020 fiscal year
Luc POYER Independant director 25 November 2010 (as Member of the Supervisory Board) Annual general meeting approving the financial statements for the 2020 fiscal year
Christelle ROUILLE Permanent representative of EDF Pulse Croissance Holding 26 June 2018 Annual general meeting approving the financial statements for the 2020 fiscal year
Emmanuelle SALLES Director 26 June 2018 Annual general meeting approving the financial statements for the 2020 fiscal year

Role of the Executive Committee (COMEX)

Implementation of the McPhy Group strategy is the responsibility of a management team that combines unique skills and extensive experience in industrial gases and renewable energy sources. It comprises 14 Management representatives, also members of the Executive Committee.

For further information about their careers and expertise, please view their profile on the “Executive Committee” page.

Role of the Specialist committees

The McPhy Group has three specialist committees, each with at least half their members being independent directors. These committees do preparatory work for decisions taken by the Board of Directors; they draw up proposals, recommendations, or opinions according to the case at hand in their area of expertise.

  • Strategy and Development committee
  • The purpose of Strategy and Development committee is to provide the Board of Directors with opinions on the principal strategic orientations for the Company, on the development policy, and any other major strategic question addressed by the Board of Directors. It is also tasked with analyzing and providing an opinion to the Board of Directors on questions submitted to the Committee concerning major investment opportunities, external growth, or disinvestment and disposal.

 

  • Appointments and Remuneration committee
  • The Appointments and Remuneration Committee meets at least once a year and as often as required, in particular prior to the Board of Directors meeting examining the compensation of the membership of the Executive Committee, or which approves the agenda for a general meeting scheduled to approve draft resolutions concerning questions arising in its sphere of competence. It also meets prior to any decision to allocate stock options, business creator share subscription warrants (BSPCE), share subscription warrants (BSA) or the allocation of free shares to corporate officers or Group directors.

 

  • Audit committee
  • The purpose of the Audit committee is to inform the Board of Directors on the conditions of approval of the accounts (schedule, principles, accounting options etc.), the choice of auditors, the organization, procedures, and management systems implemented by the Company, the examination of significant risks, significant off-balance sheet commitments, and the Group scope of consolidation. The Audit committee is responsible for monitoring the efficiency of internal control and risk management systems. Based on its work, the Audit committee considers that the Company, without being able to provide an absolute guarantee that risks may be fully eliminated, has implemented the appropriate measures to prevent and control its principal risks.

Compensation policy

The policy on the compensation of corporate officers is divided into three separate policies: the policy on the compensation of directors, the policy on the compensation of the Chairman of the Board of Directors and the policy on the compensation of the Chief Executive Officer. Precise details can be found in section 13 of the Universal Registration Document (on page URD).

Internal regulation

Pursuant to recommendation R6 of the MiddleNext corporate governance code concerning the principles of corporate governance for small and medium-sized companies, McPhy has decided to consolidate the guiding principles of operation of its Board of Directors within an internal regulation. [The document is only available in French]

Business ethics

Our business ethics code is based on loyal behavior and a sense of responsibility, in accordance with McPhy Group commitments and in compliance with laws and regulations. The code is provided below in full.

Got questions on our financial news?

Contact McPhy’s financial communications provider.

NewCap
Emmanuel Huynh
T. +33 (0)1 44 71 94 99

mcphy@newcap.eu

By sending us a contact request, you agree to be put in touch with McPhy and you accept the terms and conditions [Legal statement] governing the McPhy site as well as our policy for managing your personal data [Personal Data].
You can have access to your personal data at any time by contacting us at rgpd@mcphy.com (see details of the terms and conditions on the Personal Data page).