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Governance

Overview

For the last 20 years, we have been expanding in France, Europe and worldwide in order to fulfill our mission to create new agricultural outlets and add lasting value to the products grown by our cooperative partners. Tereos’ 12,000 cooperative partners are organized into 11 cooperatives. Our governance is based upon strong links between our cooperative partners’ elected representatives and our management. The group’s success lies in our governance principles.

The clear allocation of roles between the Supervisory Board and the Executive Board provides a successful and balanced structure, which ensures that the interests of our cooperative partners are always taken into account, while guaranteeing operational efficiency.

Tereos means

Synergy based upon dialogue and clear allocation of responsibility

Supervisory Board
The Supervisory Board appoints the Chief Executive Officer and approves the strategy and major financial decisions proposed by the Executive Board. As such, it sets the price of sugar beet and the amount of net income to be distributed.
Executive Board
The Executive Board proposes to the Supervisory Board the policies that it considers necessary in the best interests of both the company and its cooperative partners. It then ensures they are implemented operationally.

The word of...

A word from the Chairman of the Supervisory Board

« The Supervisory Board represents the 12,000 cooperative partners while the Executive Board represents the organization’s management. This governance structure enables us to be mindful of the interests of the cooperative partners, both as sugar beet producers and as long-term shareholders. The strength of this model lies, therefore, in the clear distribution of roles between those representing our cooperative partners and those representing the management functions. It is perfectly suited to our business lines and the issues we face. This model of governance has provided a solid foundation for the Group’s success for the last 20 years. ».

Thierry Lecomte

Chairman of the Supervisory Board

A word from the Chief Executive Officer

« A solid business culture and strong values are part of Tereos’ DNA: long-term commitment, proximity, openness and entrepreneurial spirit. These are clearly reflected in our new tagline “Looking forward, keeping close”. This demonstrates our local commitment and our desire to stay ahead of the curve in the long-term. ».

Alexis Duval

Chief Executive Officer

Interview

Looking ahead to 2017

Highlights of 2014-15, Europe's sugar regime reform and governance model: following the 2014 annual report let's discover the interview of Thierry Lecomte: Chairman of the Supervisory Board and Alexis Duval: Chief Executive Officer.

Read the interview

The life of the cooperative

February 2015
The annual general meetings of the Tereos cooperatives are the backbone of the Group’s cooperative life
These annual meetings, held once the sugar beet season is over, bring together several thousand cooperative partners for a valuable opportunity to exchange views. In the true spirit of discussion, these meetings cover all significant issues, from the season’s results, industrial investment, and distribution policy, to Group strategy and major changes that will affect its business activities.
April 2015
General meetings of directors
The Group’s directors meet twice a year. These meetings provide an opportunity to have discussions with the Supervisory Board and Executive Board, and to review a key aspect of the business. Between the Cooperative Board of Director meetings and the general meetings of directors, the directors meet 6 times per year, in addition to the annual general meetings.
February 2014
Cooperatives’ Boards of Directors
At each annual general meeting, the cooperative partners elect representatives to the Board of Directors of their cooperative. Boards of Directors meetings provide a valuable forum for discussion and reflection. They act as an essential link between the Supervisory Board and the 12,000 cooperative partners.
November 2014
Induction of new directors
Each year, those directors that have been newly elected at the cooperatives’ annual general meetings are brought together for a day’s training and to learn about the Group’s news and current issues