APC 2015 Annual Report Download - page 150

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC148
CORPORATE GOVERNANCE
3BOARD COMMITTEES (COMPOSITION,OPERATING PROCEDURES ANDACTIVITIES)
•it shall look in detail at certain strategic matters on behalf of the
board;
•it shall give the board its view and understanding of major
tendencies that are relevant to Group business activities.
Activities in 2015
The committee met three times in 2015. The average duration of its
meetings was approximately two hours. The committee devoted its
work mainly to:
•the preparation of board of directors’ strategy days which were
held in Boston in June;
•monitoring of the Group’s competitive environment and changes
in the same;
•the review of the results of duties carried out as part of the merger
project with AVEVA;
•the potential impact on the Group of macro-economic changes
such as the situation of the oil industry;
•the review of the strategic challenges faced by certain activities
of the Group.
The attendance rate of members of the committee was 94%. It
reported on its work to the board at the February18, April21 and
October28, 2015 meetings.