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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 12,000 cooperative partners. 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 life of the cooperative

March 2018
Creation of Tereos SCA: 12,000 cooperative growers are now all members of a single cooperative
The 12 Extraordinary General Meetings held between January 29 and March 5, 2018 unanimously approved the merging of the sugar beet, potato starch and alfalfa cooperatives that constituted Tereos as a union of agricultural cooperatives, to form one single cooperative. The Supervisory Board of Tereos, which met on March 5, also unanimously approved this merger, resulting in the creation of a single cooperative, Tereos SCA. This simplified and modernised organisation will increase the efficiency of the cooperative group and its ability to respond to changes in its environment.
February 2018
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.
May 2017
More than 250 participants at the Innovation Hub
Tereos has been organizing its innovation hub for three years now. A day of conferences, workshops and exchanges dedicated to agronomic innovation.
June 2017
Induction of new cooperative growers
Newcomers are welcomed to interact with the administrators and Tereos teams on the agricultural organization and more broadly on the group's activities. Agronomic training is also on the agenda for this day to share good farming practices.
April 2017
General meetings of regional councillors
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.
February 2017