Parrot is a French-law limited company ("société anonyme") with a Board of Directors, notably governed by the provisions of Book II of the French commercial code and Decree 67-236 of March 23, 1967.
Parrot refers to the recommendations from the MiddleNext governance code for small and mid-caps companies.
Parrot's Board of Directors currently comprises 8 members (following the resignation of Marie Ekeland for professional reasons as of the board meeting of July 28, 2021). It is chaired by Henri Seydoux, founder and CEO of Parrot, as well as 4 men directors and 3 women directors. To date, 5 members of the board are independent.
At an operational level, the management team comprises ten key managers in charge of the Group's operational management (R & D, Sales and Marketing, Production and Purchasing, Finance, HR, etc.), supplemented by the managers of the commercial drone subsidiaries.
The Annual Registration Document specifies in particular the detailed information on:
- the governance of Parrot (Chapter 14 - Administrative, Management, Supervisory and Executive bodies)
- the functioning of the board of directors, the specialized committees and the details and application of the recommendations of the MiddleNext Governance Code (Chapter 16 - Administrative and Management body Operations)
- information on the compensation of the executive officers and corporate officers (Chapter 15 - Compensation and Benefits)
- the management chart and the bonus share / stock option allocation policy (Chapter 17 - Employees)