Awards
BOURBON wins the 2007 AGEFI Grand Prize for Corporate Governance
Recognized last year in the Mid-Cap category for its governance efforts, this year BOURBON has been awarded the AGEFI Grand Prize for Corporate Governance for its commitment to progress by the Steering Committee set up by Agéfi.
The Grand Prize for Corporate Governance is intended to recognize the companies of the SBF 120 with the best corporate governance practices, all practices combined:
- Specialized committees: working and operational audit committee, compensation committee and nominating committee;
- Separation of powers between the Chairman of the Board and the Chief Executive Officer, without direct involvement in the specialized committees, and good communications about the powers of the Chief Executive Officer;
- Evaluation of the Board, both an independent evaluation and evaluation by the Directors;
- Evaluation of the internal control, with a report on the internal control prepared by the Board of Directors;
- Independent Directors on the Board and specialized committees: no ties of subordination (employee, corporate officer of a subsidiary…), and an absence of financial ties (customer, supplier, bank, ...);
- Balanced and complementary Board structure: number of Directors, female members, Directors representing the shareholders, absence of conflicts of interest generated by combined offices;
- Equitable and easier voting rights at shareholders’ meetings: no limitation of voting rights and no double voting rights;
- Availability and transmission of information before shareholders’ meetings;
- Extensive, accessible and high-quality information delivered via the Internet site;
- Management reactivity and availability;
- Definition and dissemination of an explicit, transparent strategy;
- Evaluation and management of the risks associated with strategic choices;
- Directors involved in implementing the strategy
BOURBON in second place for the "Board Members" Prize
BOURBON has also placed second for the "Board Members" Prize, which highlights the openness and diversity of the Board of Directors, currently composed of nine members, including two women, four non-French members, and four members considered to be independent under the criteria defined by the MEDEF report.
More information :
AGEFI Website [french version]: http://www.agefi.fr/grands-prix/GPGE2007.asp
General rules for 2007 AGEFI Grand Prize for Corporate Governance [french version]
BOURBON ranked second for the Boursoscan Small and Mid Caps Grand Prize
BOURSORAMA, the leader in online financial information in France, and its partner OpinionWay, a consulting firm specializing in individual shareholder behavior, have been conducting for seven years a national study on the Internet sites of publicly traded companies: Boursoscan.
For the 2007 competition, nearly 250 sites of traded companies were rated by 6,340 Internet users.
The 7th edition of the Boursoscan Grand Prizes rated BOURBON second for the Small and Mid Caps Grand Prize.
Laurent Renard, Executive Vice-President, Chief Financial Officer, stated: "BOURBON’S Internet site has been online for two years and we are working to expand it and upgrade it regularly. Our recognition for this Boursoscan Small and Mid Caps Grand Prize is testimony to our desire for transparency in financial information and our permanent commitment to develop it by offering simple, direct access."
Boursoscan Small and Mid Caps Grand Prize winners
| 1st Prize | 2nd Prize | 3rd Prize | |
|---|---|---|---|
| Small and Mid Caps Grand Prize | Theolia | BOURBON | Inter Parfum |
More information :
BOURSOSCAN Website [French version]: http://www.boursoscan.com