REN has adopted the Anglo-Saxon model of management and supervision. This includes a Board of Directors, which manages the company's business affairs, and an Audit Committee, which supervises and monitor's the company' activity.
Pursuant to this corporate governance model, the company's overall management is the responsibility of the Board of Directors, its everyday running is the job of the Executive Committee and the supervision and monitoring of its activity is allocated to the Audit Committee. The Statutory Auditor examines the company's financial statements.
This model is based on a balance resulting from consideration of the shareholders' role in choosing the board of directors and supervisory bodies and the need for efficient, professional management making it possible to undertake the company's business.
It therefore falls to the shareholders at the General Meeting, the company's highest authority, to elect the Board of Directors, which includes the Audit Committee, and appoint the chairmen of the management and supervisory bodies. In turn, the Board of Directors appoints the members of the Executive Committee, including its chairman.
The company publishes its Articles of Association and the regulations of its corporate bodies on this site for a better understanding of REN's organisation and operations in terms of corporate governance.