Aperam is committed to applying the best-practice standards in corporate governance, in its dealings with shareholders and with respect to transparency and quality of disclosure and reporting. Shareholder rights and investor dialogue are key pillars of the Company’s corporate governance framework. In addition, the Company aims to take the interests of all its stakeholders into account through a corporate responsibility framework and by engaging with all its stakeholders on a regular basis. Aperam continually monitors legal requirements and best practices to make improvements to its corporate governance standards and procedures when necessary. The Company complies with the Ten Principles of Corporate Governance of the Luxembourg Stock Exchange which constitute Aperam’s domestic corporate governance code.
Aperam is a public limited liability company (société anonyme) incorporated in Luxembourg. It is governed by a Board of Directors in accordance with the requirements set out in the company’s articles of association. Mr. Lakshmi N. Mittal is the Chairman of the Board of Directors . The Board of Directors sets the company’s strategy and the implementation of this strategy is delegated to a group of nine senior executives composing the Leadership Team, headed by Mr. Timoteo Di Maulo, the Company’s CEO.
The Board of Directors comprises a majority of independent directors, with 4 independents out of a total of 7 members. To ensure proper checks and balances are in place, a Lead Independent Director – who presides over the independent directors – sets the agenda for board meetings with the chairman and leads the independent directors in executive sessions, which take place before every board meeting. The Lead Independent Director is Mr Romain Bausch.
The Board of Directors has two committees, including the Audit and Risk Management Committee and the Remuneration, Nomination and Corporate Governance Committee. The Board of Directors' Audit and Risk Management Committee and Remuneration, Nomination and Corporate Governance Committee are each comprised exclusively of independent directors.
Aperam aims to maintain a reputation for honesty and integrity in its management practices and business transactions. The Company’s code of business conduct applies to all directors, officers and employees of Aperam and its subsidiaries worldwide.
- Articles of association