Board of Directors

 

Aperam places a strong emphasis on corporate governance. Aperam has four independent directors on its seven members of the Board of Directors and the Board’s Audit and Risk Management Committee and Remuneration, Nomination and Corporate Governance Committee are each comprised exclusively of independent directors. 

A member of the Board of Directors is considered as “independent”, if

(i) he or she is independent within the meaning of the NASDAQ Listing Rules, as amended from time to time, or any successor manual or provisions, subject to the exemptions available for foreign private issuers,


(ii) he or she is unaffiliated with any shareholder owning or controlling more than two percent (2%) of the total issued share capital of the Company


(iii) the Board of Directors makes an affirmative determination to this effect. For these purposes, a person is deemed affiliated to a shareholder if he or she is an executive officer, or a director who is also employed by the shareholder, a general partner, a managing member, or a controlling shareholder of such shareholder.

The 10 Principles of Governance of the Luxembourg Stock Exchange, which constitute Aperam’s domestic corporate governance code, require Aperam to define the independence criteria that apply to its directors.

The Board is assisted by a Company Secretary who also acts as Secretary of all the Board Committees. The Company Secretary fulfills those tasks and functions that are assigned to him by the Board of Directors. In particular the Company Secretary ensures that all Directors are timely and properly informed and receive appropriate documentation for the performance of their tasks.

There is no requirement in the Company’s articles of association that directors be shareholders of the company.

The 7 members of the Board of Directors are set forth below. 

 

Name Position within the Company
Lakshmi N. Mittal Chairman, Non-independent member of the Board of Directors
Aditya Mittal Non-independent member of the Board of Directors
Philippe Darmayan Non-independent member of the Board of Directors
Romain Bausch Independent member of the Board of Directors
Kathryn A. Matthews Independent member of the Board of Directors
Joseph Greenwell Independent member of the Board of Directors
Laurence Mulliez Independent member of the Board of Directors

Company Secretary: Laurent Beauloye