On 26 May 2000 ACTIA opted for a governance structure composed of an executive board and a supervisory board. Regarding the Corporate governance code, the group refers to the Corporate governance code for companies listed on Middlenext from December 2009 (available on the Middlenext website).
Leadership and management powers are assumed by the executive board which determines general policy, strategy and the markets in which it wishes to expand. Continuous monitoring of the group is the responsibility of the supervisory board.
Through their regular meetings, the ACTIA group Executive Board, the Board of Directors and the Management Committees of subsidiaries monitor risks that have already been identified and constantly monitor markets, technological changes, and competition, in order to identify potential new risks that may arise. They are responsible for creating and periodically inspecting the indicators in the various fields. They are also responsible for coordinating the process for developing budget forecasts made by the divisions and for monitoring developments.
Regarding accounting and finance, management control and an internal audit is arranged by each one. This internal control is conducted by a specific management control team or by the financial officer for the subsidiary, when the workforce of the subsidiary is reduced. Accounting procedures are adapted according to the activity, identified risks, information systems and the size of the various subsidiaries concerned. Regarding Group financial control: a dedicated team ensures the group’s international financial control. This control is carried out by regularly reviewed reporting procedures and is backed by visits to subsidiaries. On a more infrequent basis, a meeting of the subsidiaries’ accounting and finance teams may be organised.
Members of the Executive Board
Members of the Supervisory Board