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Governance

Safran is a French-registered company, listed on NYSE Euronext Paris. Its share is part of the CAC 40 French stock market index, and of the European market index, Euro Stoxx 50. An Executive Committee representing the Group's different businesses implements the strategic objectives defined by the Board of Directors. This governance principle guarantees a balance of power, and ensures Safran’s agility to meet the changing requirements of its economic, financial and competitive environment.

Ross McInnes, Chairman of the Board of Safran, and Olivier Andriès, Chief Executive Officer of Safran

Ross McInnes, Chairman of the Board and Olivier Andriès, Chief Executive Officer of Safran

Board of Directors

Safran - Articles of Incorporation and Bylaws Board of Directors - Internal rules

Safran’s Board of Directors – key figures

employee representatives

employee shareholder representatives

independent directors

An independent, representative board

The composition of the Board of Directors ensures that it can make objective, enlightened decisions. The 18 members of the Board include 9 independent directors (equal to 64.3% of the Board, according to the calculation criteria in the AFEP-MEDEF code*), offering a wide range of complementary expertise. One State representative and one director are proposed by the State. The Board of Directors also includes two employee shareholder representatives and two employee representatives, meaning that all stakeholders involved in Safran's daily affairs are represented. There are 7 women (equal to 42.8% of the Board, employee shareholder and employee representatives excluded), and 12 directors with international profiles. The Board features permanent "guests" with a consultative voice: a government commissioner and representatives of the central work's council.

*Directors representing employee shareholders and Directors representing employees are not taken into account in these calculations

Permanent board committees

Each of the Board committees, acting within its scope of expertise, provides in-depth analysis prior to the Board's deliberations to support its decisions. They issue proposals, opinions and recommendations to the Board.

Audit and Risk Management Committee: this committee exercises meticulous control over Safran's financial statements and information. It also oversees the efficiency of the Group's internal control and risk management systems.

Members:
Laurent Guillot (Chairman)
Marc Aubry
Stéphanie Besnier
Fabienne Lecorvaisier
Robert Peugeot
Sophie Zurquiyah

Nomination and Remuneration Committee: with a majority of independent directors, this committee assists the Board in selecting its members and corporate officers. It also draws up recommendations and proposals concerning the compensation of corporate officers.

Members:
Monique Cohen (Chair)
Patricia Bellinger
Stéphanie Besnier
Jean-Lou Chameau
Didier Domange
Daniel Mazaltarim
Patrick Pelata
Hélène Auriol Potier

Innovation, Technology & Climate Committee: missions of this Committee are to examine the strategic orientations and options taken by the Group regarding innovation, research and technology, developments of new products and services, to follow-up on associated global road maps and technological trends and evolutions, as well as to examine the Executive Management's climate action plan.

Members:
Patrick Pelata (Chairman)
Hervé Chaillou
Jean-Lou Chameau
Laurent Guillot
Vincent Imbert
Hélène Auriol Potier