The board of director is comprised of 8 members. It is chaired by Henri Seydoux, founder and CEO of Parrot, joined by 3 men directors and 4 women directors. Currently, 6 members of the board are independent (last updated July 2022).
Parrot has adopted the Middlenext corporate governance code; each year, the compliance is detailed in the Annual Report.
The term of office of the directors is six years. The bylaws require the Board of directors to meet at least four times a year, and it may hold additional meetings if required by the economic situation or any specific events. The attendance rate to the Board is around 8 directors out of 9. Part of the payment of directors' compensation depends on their effective participation in the 4 board meetings whose agenda provides for the approval of quarterly accounts.
The principles of balanced representation on boards of directors which specify that the proportion of directors of each sex of the Company is respected.
The Board of directors is made up of two standing committees:
- the Audit and CSR Committee,
- the Appointments and Compensation Committee,
The rules of procedure of the Board of Directors is available in French on this link (PDF download).
More information on Corporate Governance is presented each year in Chapters 12 and 14 of the Annual report.