Governance
In accordance with the rules and guidelines contained in the Code, the governance framework of WEB SA’s activities is specified in a Corporate Governance Charter.
In addition, WEB SA’s Corporate Governance principles are set by the Board of Directors in a number of documents (only available in French version):
GOVERNANCE CHARTER
CODE OF CONDUCT
GUIDELINES OF THE BOARD OF DIRECTORS
GUIDELINES FOR THE AUDIT COMMITTEE
GUIDELINES EFFECTIVE MANAGERS
GUIDELINES OF THE NOMINATION AND REMUNERATION COMMITTEE
The corporate governance structure includes:
- The management bodies, namely:
- Sole Administrator of WEB SA: WEPS SA.;
- Board of Directors and Effective Managers of WEB SA;
- Audit Committee
- Nomination and Remuneration Committee.
- Supervisory bodies, both external and internal:
- internal: Audit Committee, Internal Audit;
- external: Statutory Auditor, Property Experts.
Sole Administrator
WEB SA is managed by its Sole Administrator WEB Property Services (or in abbreviated form WEPS SA), appointed in the Articles of Association for an indefinite period.
Mission
The Board of Directors decides on WEB SA‘s strategy and objectives, the guidelines for achieving them and the level of acceptable risk. It is responsible in particular for:
- Property strategy,
- Financial strategy,
- Staff policy,
- Financial and regulatory information.
Composition
The Board of Directors consists of at least five (5) Directors, who may or may not be shareholders, including at least three (3) independent Directors
Currently, it consists of eight (8) Directors including one (1) nonexecutive Director, four (4) independent non-executive Directors and three (3) Executive Directors.
Benoît Fabry
Non-executive director, independent
Daniel Weekers
Chairman of the Board of Directors, Non-executive Director
Valérie Wagner
Vice-Chairwoman of the Board of Directors, Executive Director (HMS)
Jacques Peters
Chairman of the Audit Committee, Non-executive Director, independent
Jean-Jacques Cloquet
Non-executive director, independent
Cléonice Mastrostefano
Non-executive director, independent
Laurent Wagner
Executive Director (CEO)
Caroline WAGNER
Executive Director (CEO)
Mission
Although not legally obliged to do so, the Board of Directors of WEB SA has decided to set up an Audit Committee. The Audit Committee’s mission consists of ensuring the accuracy of financial statements and accounting information intended for the Board of Directors, Shareholders and third parties within the financial world.
Composition
Jacques Peters
Chairman of the Audit Committee, Non-executive Director, independent Jean-Jacques Cloquet
Non-executive director, independent Cléonice Mastrostefano
Non-executive director, independent
Mission
Although not legally required to do so, the Board of Directors of WEB SA has decided to set up a Nomination and Remuneration Committee. This committee assists the Board of Directors, under its supervision and responsibility, in all matters relating to the appointment and remuneration of the Directors, the CEO, the Executive Directors and, where applicable, the Company’s employees in the event of a conflict of interest with one of the members and/or the reference shareholder.
Nomination and Remuneration Committee
Daniel Weekers
Chairman of the Board of Directors, Non-executive Director Jacques Peters
Chairman of the Audit Committee, Non-executive Director, independent Jean-Jacques Cloquet
Non-executive director, independent
Mission
The Executive Management is made up of persons who are Effective Directors within the meaning of the applicable legislation; the Effective management is entrusted to at least two natural persons appointed by the Board of Directors.
Currently, four (4) people are appointed as such within the Company.
Laurent Wagner
Executive Director (CEO) Caroline WAGNER
Executive Director (CEO)
Antoine TAGLIAVINI
CFO
Laurent VENSENSIUS
CTOThe role of the Executive Directors and the allocation of duties are described in WEB SA’s Corporate Governance Charter and the Executive Directors’ Regulations.