Corporate governance is the way a company is organized, managed and controlled. At Total, corporate governance is primarily the responsibility of the Board of Directors and General Management. The Board of Directors, composed of members with a wide variety of backgrounds, ensures that the highest standards of corporate governance are enforced, and uses the criteria set out in the AFEP-MEDEF Corporate Governance Code of Listed Corporations as its guideline. The Board defines the Company’s strategic vision, ensures that internal control functions are operating effectively and oversees the quality of the information provided to shareholders and financial markets.
The Board of Directors
As the decision-making body of the Group, the Board of Directors defines the strategic vision for Total and its businesses and ensures its implementation, assisted by four specialized committees: the Audit Committee, the Governance & Ethics Committee, the Compensation Committee and the Strategic Committee.
Under the responsibility of the Chairman and Chief Executive Officer, the Executive Committee oversees the Group’s Management. The Group Performance Management Committee works side-by-side with the Executive Committee to monitor HSE, financial and business performance.