Soitec has been a publicly-traded company since 1999. With a distinctly international investor base, we have aligned our corporate governance systems with the most advanced recommendations available. The AFEP-MEDEF Code of Corporate Governance for Listed Companies serves as our main guide. (AFEP is an association of France’s top listed companies; MEDEF is the country’s leading federation of employers). For our internal control processes, we follow the recommendations of France’s stock-market regulator, the Autorité des marchés financiers (AMF).
Our Board of Directors is made up of directors selected for their management expertise and proven track records in the global semiconductor industry. As required by the regulatory authorities, our Board of Directors also has a Strategy Committee, an Audit Committee, and a Compensation, Benefits, and Nominating Committee.
Our internal control system, known as the “Soitec System,” is implemented by the Finance Division and overseen by the Office of the Chairman.