The Board of Directors determines the Company's overall strategy, overseen by its Chairman in close collaboration with Executive Management. As part of this role, it examines and approves the Company's strategic plans and activities. It is assisted by two committees: the Audit and Accounts Committee and the Governance, Appointments and Remuneration Committee. [...] The Audit and Accounts Committee meets at least three times per year and whenever it deems necessary, and prior to meetings of the Board of Directors for which the agenda includes a review of an issue related to its area of expertise. [...] In 2024, the remit of the Audit and Accounts Committee was expanded to include sustainability information, in line with new regulations resulting from the transposition of the CSRD. The role of the Audit and Accounts Committee is now to: review the financial statements and sustainability information and ensure the appropriateness and ongoing consistency of the accounting methods used to prepare the Company's consolidated and parent company financial statements, and review the statutory audit of the parent company and consolidated financial statements by the Statutory Auditors and the certification of sustainability information by the Statutory Auditor(s) and/or, where applicable, the independent third party(ies) (hereinafter referred to as the "Sustainability Auditor(s)"); ensure compliance with the conditions for the independence of the Statutory Auditors and the Sustainability Auditor(s); make a recommendation on the Statutory Auditors and the Sustainability Auditor(s) nominated for appointment at the Annual General Meeting in accordance with Article L.821-67 of the French Commercial Code. The Committee's recommendations and preferences are brought to the attention of the Annual General Meeting asked to vote on the appointment of the Statutory Auditors and the Sustainability Auditor(s); approve the provision of non-audit and sustainability reporting services, provided they are permitted by the regulations. The Committee's decision is based on an analysis of the risks to the independence of the Statutory Auditors and the Sustainability Auditor(s) involved in the certification of the financial statements and the sustainability information, and the safeguards applied by the Committee."
"The Group has set up a dedicated internal "Electric Vehicles Committee" chaired by the Group CEO and tasked with (i) tracking developments in this market and Mersen's technical and commercial positioning, (ii) identifying the risks associated with this market and drawing up appropriate action plans, and (iii) drawing up and monitoring the implementation of a formal strategy for the market. A product line with a dedicated organization has been set up to better structure the activity, improve reactivity and boost the Group's visibility in this area. [...] The Group's positioning in the electric vehicle market is regularly presented to the Board of Directors.