An experienced, diversified and proactive Board of Directors

Solvay’s Board of Directors is committed to embracing and promulgating good governance practices that add sustainable value and promote a transparent dialog with all key stakeholders. The Board sets the general strategies and policies and ensures their implementation, and appoints the top executives. To support its decisions, it gathers experienced professionals from a variety of backgrounds.

As of December 31, 2016, the Board consisted of 15 members, including its Chairman, Nicolas Boël, and the Chairman of the Executive Committee and CEO, Jean-Pierre Clamadieu. The Board has set up four specialized committees which provide advisory opinions in their own area of competence.

Board of Directors

2016 figures

Composition of the Board of Diorectors (graphic)Composition of the Board of Diorectors (graphic)

7

Nationalities

5

Women

8

Meetings

96%

Attendance rate

Supported by four specialized committees

Audit Committee

6

Members

6

Meetings

100%

Attendance rate

Nomination Committee

6

Members

3

Meetings

100%

Attendance rate

Finance Committee

6

Members

4

Meetings

100%

Attendance rate

Compensation Committee

6

Members

2

Meetings

100%

Attendance rate

Leveraging on an experienced board with expertise in areas relevant to Solvay

The Board reflects the Group’s diversity, comprising people with complementary and balanced skills and experience. In addition to their fundamental skills (management experience, finance, legal experience, mandates on other boards), Solvay’s Board members possess a range of key competences in line with our strategy and key markets:

Research & Innovation

Social, environmental, or sustainability

Finance

Industrial

Scientific

Digital

Ensuring a governance process tailored to Solvay’s transformation

In 2016, the Board of Directors guided and supported the Group’s strategic transformation in the following specific areas:

Monitoring of Cytec integration and long-term synergies between ­existing and new ­businesses

Portfolio transformation and its long-term impact on the Group

Alignment of the organization with the Group’s strategy

Introduction of an internal price for CO2

Major capital expenditure projects

Immersion on latest sustainability practices & Group's strategy

Divestment of
Acetow

Divestment of
Emerging Biochemicals

To enhance Directors’ firsthand experience of Company culture, the 2016 annual trip was organized in the UK, including visits to three industrial and research sites: Oldbury, Wrexham and Heanor.

More content:

Members of the Board of Directors