Corporate governance

Sequana refers to the AFEP-MEDEF corporate governance code (available on and

The functions of Chairman and Managing Director of Sequana are combined and performed by Pascal Lebard.

Furthermore, Mr Jean-Pascal Beaufret acts as the Vice Chairman.

The  composition and functioning of Sequana’s Board of Directors and Board committees complies with the prevailing corporate governance recommendations, particularly as regards director independence and experience, and gender equality on the Board of Directors.

Sequana’s Board currently has six members whose terms expire between 2019 and 2021.

The average age of Board members is 57.

Most Board members have held directorship or executive management positions in other companies and acquired both corporate management skills and sufficient expertise to enable them to deliberate independently and in an informed manner on the Group’s  financial statements, as well as on accounting compliance issues.

The Board of Directors meets at least four times a year, and whenever the Company’s interests so require, to deliberate as a collegial body on the matters referred to it for approval.

The Board met on 13 occasions in 2017, with an attendance rate of 90% among its members.

Commitees’ composition

The Audit Committee is composed of 3 members, including 2 independant members. No executive corporate officer is a member.

The Nomination and Compensation Committee has 3 independent members  and no executive corporate officers is a member.

The strategy Committee is composed of 4 members, including 2 independent members.

All the Committee Presidents are independent.