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Governance

Private, family-owned Group ever since its inception, Sonepar, B-to-B distributor of electrical products and related solutions, is supported by a network structure that mobilizes specialists in each sector.

At the Annual Meeting on May 27, 2016,  Sonepar has been transformed in SAS type of legal entity (Société par Action Simplifiée - simplified joint stock company).

A family-owned private shareholder base

Sonepar's family shareholders and future shareholders are closely involved in the Group and are encouraged to become intimately acquainted with its business activities. Shareholders are active members of the Boards of Directors of group operating companies and regularly attend  Shareholders' meetings and other Sonepar events. They actively support the growth policy pursued by the General Management by accepting a conservative dividend distribution policy.

The Corporate Board and its Committees

Composed of figures from the business world, family entrepreneurs and executives with historical roots in Sonepar, the Corporate Board meets at least four times a year. It uses reliable reporting tools to examine the Group’s performance.

The activity of the Strategic Committee, chaired by Frank H. Lakerveld, the Audit Committee, chaired by Christian Maurin, and the Nominations and Compensations Committee, chaired by Michel Bon, lays the groundwork for and feeds into full Corporate Board meetings. Special emphasis is placed on the internal control process adopted by the Group and applied in all countries where it operates.

General Management

The General Management is composed of Philippe Delpech, the Chief Executive Officer, François Poncet, the Chief Financial Officer, and Dave Gabriel, the Chief Operating Officer.

Sonepar's Articles of Association

Sonepar AoA

Governance Charter

   

Gouvernance Charter extracts

Code of Conduct

Sonepar is publicly releasing its worldwide Code of Conduct, in keeping with current practice within the Group.

Marie-Christine Coisne-Roquette, Chairman, said: “Integrity has always been a key value and a compelling behavior at Sonepar. Today, in a world where compliance becomes increasingly essential, the Group is launching a substantial pro compliance and anti-corruption program, both to impress upon everyone the importance of combatting those evils and to help everyone avoid, detect and stop any non-compliant action.”

Philippe Delpech, CEO, added: “Compliance is a challenge for everyone at Sonepar, every day and in everything we do. To help everybody understand Sonepar’s expectations, we are issuing our Code of Conduct, which supplements all existing policies and instructions applicable in the Group. We want all our stakeholders—associates, customers, suppliers and third parties—to know and understand Sonepar’s compliance objectives and focus. Our mission is to communicate continuously, making sure our associates feel comfortable about reporting any event they believe is not in line with our Code of Conduct.”

  
Code of Conduct Compliance Guidelines


Sonepar encourages every natural person, whether employed by a Group company or not, to report, selflessly and in good faith, any serious and obvious breach of law or regulation, or any threat or severe harm to the business integrity, such as acts of corruption or influence peddling, and any behavior or situation that violates the Group’s code of conduct, which the individual personally gained knowledge of.

A tool will be put in place in the coming weeks to enable this whistleblowing process. It will ensure that the whistleblower’s identity, the information provided and the identity of the person(s) involved in the reported facts remain confidential. The alert procedure will be open to Group associates and third parties alike. The tool will make it possible to communicate the documents and decisions required to complete it. This tool will be outsourced, whereas assessment and monitoring of alerts will not.

Mission Statement

   

The Mission Statement

Mission Letter

 

The Mission Letter

 

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