Board of Directors

The Board of Directors is a collective body which represents all shareholders and acts in the company’s interests in all circumstances. For this purpose, it sets the policies and strategies for Carrefour’s activities and monitors their implementation, deliberates on all matters pertaining to the company’s success and decides on issues related to the company. It reviews and approves financial statements and provides quality financial information to shareholders and markets. The Board of Directors is chaired by Amaury de Seze and has twelve members, among whom nine are independent including one woman.

The Committees of the Board of Directors

The Board of Directors has three special committees which were established in 2008.
The purpose of these committees is to examine specific issues in greater detail and to make recommendations to the Board of Directors.
- The Accounts and Internal Audit Committee analyses the financial accounts and reviews all
issues related to these accounts.
- The Remuneration, Appointments and Corporate Governance Committee
• Acting as the Remuneration Committee, it is responsible for reviewing all issues concerning remuneration for corporate officers.
• Acting as the Appointments Committee, it is responsible for proposing nominations for Chairman, Chief Executive Officer and, if applicable, Deputy Managing Directors to the Board of Directors.
• Acting as the Corporate Governance Committee, it assists the Board of Directors in adapting Carrefour’s corporate governance practices and assessing its operation.
- The Strategy Committee assists the Board of Directors in guiding and setting the Group’s strategy. It prepares the groundwork for the most significant decisions which determine the future of the Group.

Executive Committee

The executive committee is managed by Lars Olofsson,  Chief Executive Officer and has 10 members.

Under the authority of the Chief Executive Officer, the Executive Committee implements the Group’s strategy. Each Executive Director is responsible for deploying the action plans within
their scope of authority in order to achieve the established goals.