Governance

https://desk.zoho.eu/agent/ethifinance/ethifinance-it-interne/tickets/list/all-cases

Shareholding

EthiFinance SAS is a European credit rating, research and innovative advisory group based in Lyon. EthiFinance SAS is headed by a CEO, Carol Sirou, and an executive committee. The Supervisory Board has 10 members of which 3 are independent and 2 are non-voting members (censors). EthiFinance’s main shareholder is Andromède, a family office. The founders, directors, and a group of institutional investors (Club Rating holding) hold the rest of the capital.

Accreditations

EthiFinance Ratings SL is a subsidiary of EthiFinance SAS. EthiFinance Ratings SL is registered as a credit rating agency by the European Securities and Markets Authority (ESMA) and as an External Credit Assessment Institution (ECAI) by the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA).

European law regulates credit rating agencies and sets up transparency, good governance, and accountability standards. As an example, credit rating agencies have to publish their methodologies and manage their potential conflicts of interest. ESMA closely monitors rating agencies and publishes a yearly report on registered rating agencies’ practices.

Governance bodies – EthiFinance SAS

Supervisory Board

  • Élie Hériard-Dubreuil, Director and Chairman of the Board, Andromède CEO
  • Monique Barbut, Independent Non Executive Director, WWF France CEO
  • Stella Clarke, Independent Non Executive Director, Head of Strategy and Marketing at Fenergo
  • Emmanuelle Cordano, Independent Non Executive Director, Senior Project Manager at EFRAG (European Financial Reporting Advisory Group)
  • Caroline Bois, Director, Deputy CEO at Andromède
  • Bertrand Jounin, Director, Director of holdings at Apicil group, Representing Club Rating
  • Pierre Ducret, Director, Former CEO at Caisse des Dépôts Climat
  • Blaise Ganguin, Director, SwissThink CEO, Former Head of Companies and Infrastructure rating at S&P
  • Lucille Bosc Hériard Dubreuil, Censor (non-voting member), Head of Development and International at BBC
  • Jean-Florent Rérolle, Censor (non-voting member), Former Morrow Sodali Managing Director for France

Audit Committee

  • Emmanuelle Cordano, Independent Non Executive Director and Chairwoman of the Audit Committee
  • Stella Clarke, Independent Non Executive Director
  • Caroline Bois, Director
  • Bertrand Jounin, Director
  • Elie Hériard-Dubreuil, Observer
  • Blaise Ganguin, Observer
  • Jean-Florent Rérolle, Censor (non-voting member)

Governance Committee

  • Pierre Ducret, Director and Chairman of the Governance Committee
  • Monique Barbut, Independent Non Executive Director
  • Blaise Ganguin, Director
  • Elie Hériard-Dubreuil, Observer
  • Jean-Florent Rérolle, Observer

Governance bodies – EthiFinance Ratings SL

Supervisory Board

  • Élie Hériard-Dubreuil, Director and Chairman of the Supervisory Board, Andromède CEO
  • Carol Sirou, Director, EthiFinance SAS and EthiFinance Ratings SL CEO
  • Myriam Fernandez de Heredia, Independent Non Executive Director
  • Olivier Delfour, Independent Non Executive Director
  • Blaise Ganguin, Director

Audit Committee

  • Myriam Fernández de Heredia, Independent Non Executive Director and Chairwoman of the Audit Committee
  • Olivier Delfour
  • Carol Sirou
  • Blaise Ganguin