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.
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.
Following a proposal by the Governance and Corporate Social and Environmental Responsibility Committee, the Board of Directors assesses the independence of each member on a yearly basis.
Lead Independent Director
Bernard Ramanantsoa was appointed as the Senior Independent Director by the Board of Directors on 12 February 2020. The powers and missions entrusted to him are presented in Article 10 of the Board of Directors' internal regulations.
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.
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.