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Corporate Governance

Corporate Governance

Tarkett’s corporate governance processes are directed to ensure: uncompromised business ethics, robust and transparent corporate supervision, risk management and regular dialogue with stakeholders.

Tarkett is legally structured with a Supervisory Board and a Management Board.

The Supervisory Board:
The Supervisory Board is composed of nine members: four members representing the Deconinck family, two representing KKR* and three independent members. It is chaired by Didier Deconinck and its Vice President is Jacques Garaïalde from KKR. As a complement to the Supervisory Board meetings, Board members meet every other month with the Management Board for a detailed review of the Group’s financial performance, operations and strategic initiatives.

In line with standard governance practices, the Supervisory Board also has two dedicated Committees:

  • the Audit Committee, chaired by Sonia Bonnet-Bernard, independent member of the Board.
  • the Nominations and Compensation Committee, chaired by Jacques Garaïalde (KKR).

*Kohlberg Kravis Roberts & Co. L.P.

Management Board:
The Management Board is chaired by Michel Giannuzzi, Chief Executive Officer and includes Fabrice Barthélemy, Chief Financial Officer, and Vincent Lecerf, Executive Vice President Human Resources.

Executive Committee:
Tarkett’s Executive Committee, led by Michel Giannuzzi, CEO, is the Group’s center of direction, aiming to bring together the complementary decision-making perspectives and responsibilities needed to insure a coherent and coordinated drive towards strategic and operational goals. This international and entrepreneurial leadership team is composed of ten experienced managers, sharing common Group interest and values while ensuring operational agility thanks to a decentralized organization.

To read more about the Management Team, please click here

Risk Management: Identify, assess, limit and control
Risk identification and risk management actions are among the issues reviewed by the Supervisory Board, the Executive Committee and the Audit Committee. In 2012, Tarkett updated its risk mapping and continued to implement action plans, significantly reducing risk exposure. Compliance with regulatory requirements and Tarkett policies is ensured through TRACE (Tarkett Risk And Control Evaluation), a systematic internal control process carried out throughout the company. Identified risk mitigation actions are tracked for completion.

Tarkett has also formalized programs to ensure that ethic rules are not only clearly communicated to its teams but also shared, understood and practiced. Tarkett’s Code of Ethics spells out the exemplary business practices and attitudes to be respected by employees at all times.

In addition, the UN Global Compact principles are now integrated systematically within Tarkett’s general terms of sale and supply agreements to being put into place with primary raw material suppliers to gain their support for improved sustainability.

 

          Regulated Documents: 

Tarkett Règlement Intérieur du Conseil de Surveillance (Fr) - PDF 

Statuts Tarkett (Fr) - PDF