Governance

Governance

The Peugeot S.A. Company has a two-tier management structure comprising a Managing Board, responsible for strategic and operational management, and a Supervisory Board, responsible for oversight and control.

This separation is especially effective in addressing the concern for a balance of power between the executive and oversight functions, as reflected in the principles of good corporate governance.

Managing board

The Managing Board is responsible for executive management.
It helps to define and implement the Group’s strategic vision, developed in accordance with the long-term objectives set and approved by the Supervisory Board.
Managing Board members are appointed by the Supervisory Board for four-year terms. The Managing Board currently consists of 4 members, including a Chairman.

Learn more about the Managing Board

Executive Committee

The Managing Board is backed by the Executive Committee, which is organized in a matrix structure by brands, regions and business lines. This structure aims to secure worldwide profitable growth for the Group.

Each region is supervised by a Chief Operating Officer (COO), who is responsible for economic profit and the management of Group resources in the region, including manufacturing and sales companies. This responsibility is exercised in partnership with the Group brands and business lines.

Four business line VPs report to the Chairman of the Managing Board.

Learn more about the Executive Committee

Supervisory board

The Supervisory Board’s role is to permanently monitor the management of the Company by the Managing Board.
The Supervisory Board ensures that the strategy proposed and applied by the Managing Board fits with its long-term vision.
Members of the Supervisory Board are appointed by the General Shareholders’ Meeting for four-year terms. The Supervisory Board reports to the General Shareholders’ Meeting on its missions of control.

Learn more about the Supervisory Board
Learn more about the Supervisory Board’s activities

By laws

Download the document: « Bylaws of Peugeot SA »

AFEP-MEDEF

  • AFEP-MEDEF Corporate governance code

    The Company refers to the AFEP-MEDEF Corporate Governance Code, which was revised in November 2015, as applicable to French joint stock companies with a Managing Board and Supervisory Board.

    Download the document: « Code AFEP-MEDEF »

  • Summary table of the recommandations of the AFEP-MEDEF code which have not been applied

    The table below summarizes the recommendations of the AFEP-MEDEF Code which the Company has decided not to apply in light of its particular situation:

    Relevant
    recommendation
    Explanation
    Evaluation of the actual contribution of each member to the Board’s work (Art. 10.2) During the external evaluation of the Board conducted in 2015, it was revealed that members receive no feedback on their actual contribution to the Board’s work. Starting in 2016, the Chairman will hold discussions with each of the members of the Supervisory Board once a year on their contribution to the work of the Board.
    Term of office of Supervisory Board members (Art. 14) The term of office of Supervisory Board members is four years. The Shareholders’ Meeting of 25 April 2012 amended the articles of association, shortening the terms of office from six to four years to be applied in future. Therefore, the term of office of Pamela Knapp, who was appointed in 2011, is still six years until her next renewal.
    Representative part of independent members of the Finance and Audit Committee (Art. 16.1) More than half (57%) of the members of the Finance and Audit Committee are independent (instead of the minimum of two thirds recommended by the Code). The relatively large proportion of non-independent members is due to the presence of a representative of each of the three major shareholders, given the composition of the Group’s share capital and its governance as a result of the capital increases in 2014. Reaching the threshold of two thirds would bring about an increase in the number of committee members, which may hinder its effectiveness. Therefore there are no plans to reach this threshold to date.

     

  • Publications pursuant to AFEP-MEDEF corporate governance code

    Decision of the Supervisory Board of July 25, 2016
    Publication pursuant to the AFEP-MEDEF corporate governance code July 2016

    Decision of the Supervisory Board of April 27, 2016
    Publication pursuant to the AFEP-MEDEF corporate governance code April 2016

    Decision of the Supervisory Board of February 23, 2016
    Publication pursuant to the AFEP-MEDEF corporate governance code Feb 2016

    Decision of the Supervisory Board of December 15, 2015
    Publication pursuant to the AFEP-MEDEF corporate governance code Dec 2015

    Decision of the Supervisory Board of February 17, 2015
    Publication pursuant to the AFEP-MEDEF corporate governance code Feb 2015 (French only)

    Decision of the Supervisory Board of November 25, 2013
    Publication pursuant to the AFEP-MEDEF corporate governance code 2014 (French only)