Sodexo is a French public limited company (société anonyme) governed by a Board of Directors. Since September 1, 2005, the roles of Chairman of the Board of Directors and Chief Executive Officer have been separated. This governance structure creates a clear segregation between the strategic planning and oversight functions that are the responsibility of the Board of Directors, and the operational and executive functions that are the responsibility of senior management.
The rules and operating procedures of the Board of Directors are defined by law, the Company’s by laws and the Internal Rules of the Board. In addition, three specialized Committees have been set up by the Board in order to enhance the Board’s effectiveness and the Company’s governance.
Directors hold office for a term of three years and may be reappointed. Exceptionally, the Shareholders Meeting may, on the recommendation of the Board of Directors, appoint or reappoint one or several directors for a period of one or two years.