Orange's governance

Four key principles guide the way in which Orange is governed: the responsibility and the integrity of its leaders and directors; the independence of members of the Board of Directors; a transparent approach to information, and respect for shareholders’ rights.


Independent Directors

Valérie Beaulieu-James, Anne-Gabrielle Heilbronner, Jacques Aschenbroich, Alexandre Bompard, Bernard Ramanantsoa, Frédéric Sanchez andJean-Michel Severino were appointed as Independent Directors by the Board, constituting five of its 15 members.

This proportion is in line with the recommendation in the AFEP-MEDEF corporate governance code.

As per the recommendation of this code that at least one meeting not attended by the executive officers is organised each year, in addition to the number of committees and board meetings, meetings without attendance of the executive officers are organized by the Chairman either after a board meeting or at another moment. In 2021, 4 executive sessions were handled between independent directors only, without attendance of the executive officers, on the initiative of the Chairwoman of the Governance and Corporate Social and Environmental Responsibility committee.

The Board of Directors and the shareholders jointly shape the way in which the Group is governed. Jacques Aschenbroich has served as Chairman since 20 May 2022.


See all governance documentation



Orange follows two golden rules for good governance

  • Implementing a corporate governance code: Orange follows the AFEP-MEDEF corporate governance code for listed companies, devised by French employers’ associations AFEP and MEDEF. The reviewed version was published in January 2020 (further information is available in French on our "Governance Documentation" section and the AFEP and MEDEF websites, among others).
  • Applying the principle of balanced representation between women and men: there are currently fifteen members of the Board of Directors, of which five are women.