Board of Directors
case of need, further IEC members or other persons may be invited to the meetings. Moreover, the Division and Function Heads shall report once a year on their division or function; in addition, the Division Heads shall give semi-annual and annual reports at the respective meetings of the Board of Directors [...] Semiannual Quarterly Monthly MIS (Management Information System, by division and consolidated) • Financial report (balance sheet, income statement and cash flow statement) • Budget (by division and consolidated) • Three-year plan (by division and consolidated) • VAC Reporting • Group risk situation • Result [...] All the divisional projects and the choice of construction consortium partners shall undergo in-depth evaluation thanks to the value assurance process, with the Value Assurance Committee (VAC) acting as the steering body. The VAC has been set up on four levels: Group (class 1), Global Division (class
Media & Investors
Investor Relations
2021
Corporate Governance