APC 2010 Annual Report Download - page 6

2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC4
MESSAGE FROM HENRILACHMANNMESSAGE FROM HENRILACHMANN
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Message from
HenriLachmann
CHAIRMAN OF THE SUPERVISORY BOARD
FOR THE 2010 REGISTRATION DOCUMENT
SchneiderElectric’s 2010 economic and fi nancial results reached a
level that is unprecedented for your company. They are abundantly
described and explained throughout this Annual Report. The
Supervisory Board would like to thank and to congratulate all of
the Group employees who have contributed to this outstanding
performance.
In this message, I would like to focus on the new composition
of the Supervisory Board and, above all, on the progress of our
governance.
The meetings of your Supervisory Board are a time for discussions,
debates - even for extremely constructive confrontations of opinion-.
The Management Board fosters transparent communication and
an open relationship with the Board. The Supervisory Board will
propose four new members for vote at the April 2011 General
Shareholder’s Meeting. They epitomise our determination to
promote diversity in all areas and at all levels of our company.
The new members of the Supervisory Board have been invited to
participate in our work since the summer of 2010, and they have
greatly enriched our discussions and deliberations.
In terms of governance, your Board defends and promotes a
vision of a company where all stakeholders fi nd their place; where
none are favored, and economic and fi nancial performance are
not exclusively focused on. This performance results from all
the strategies implemented by the Management Board. It is a
consequence, not an end. For this reason, the Management
Board has chosen not to measure the teams’ performance only
in terms of fi nancial criteria, but also in terms of other criteria such
as customer and employee satisfaction and corporate social
responsibility. Variable compensations, including those of the
Management Board, are calculated on these criteria. Of course, the
Supervisory Board deliberates on the issues and measures aimed
at inducing “virtuous” behaviors. Moreover, the Board encourages
the management teams to adopt a long-term vision and strategy,
as well as long-term policies, to avoid being subjected to the short-
term pressures of the markets.
The Supervisory Board reiterates its confi dence in the growth ofthe
markets in which Schneider Electric operates, in the strategies
that have been decided on and, above all, in the teams that are
responsible for their implementation.
CHAIRMAN OF THE SUPERVISORY BOARD