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Orange : governance principles

The Board of Directors ensures the effective management of the Group, while the Executive Committee is responsible for the company's operational management, overseen by the Chief Executive Officer.

These two bodies represent the main governance pillars for Orange. Besides, Stéphane Richard has served as Chairman Chief Executive Officer since March 1, 2011.

In exercising its governance, Orange Group has endorsed two key principles.

  • reference to a code of corporate governance
    Orange refers to the version of the Afep-Medef Code of corporate governance for listed companies published in April 2010 (which may be consulted on the www.medef.fr website, among others).
  • applying the principle of balanced representation between women and men
    The Board of Directors has a total of fi ve women among its 15 members. Apart from the directors elected from among the employees, who are not taken into account by the French Law of January 27, 2011 on the balanced representation of women and men on boards of directors and supervisory boards and gender equality at work, the Company’s Board has three women out of 12 members, which exceeds the 20% target set by the aforementioned law.

independent Directors

Claudie Haigneré, Helle Kristoffersen, Muriel Pénicaud, Bernard Dufau, Jose-Luis Durán, Charles-Henri Filippi, and Jean-Michel Severino were held independent directors by the Board, representing seven of its 15 members.
This proportion is in line with the recommendation of the Afep-Medef corporate governance code, i.e. that at least one-third of the directors of controlled companies must be independent.
Stéphane Richard, the Chairman and Chief Executive Officer, is not considered an independent director because of the executive functions he holds within the Group.
The annual assessment of directors’ independence was carried out by the Board of Directors, on the basis of a proposal by the Governance and Corporate Social Responsibility Committee.

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last update: 11 June 2013