ArcelorMittal is a public limited liability company (société anonyme) incorporated in Luxembourg. It is governed by a board of directors in accordance with the requirements set out in the company’s articles of association. The board of directors sets the company’s strategy and the implementation of this strategy is delegated to a group of executive officers, headed by the only executive board director, Lakshmi Mittal, our executive chairman.
Our board of directors comprises 5 independents out of a total of 9 members. To ensure proper checks and balances are in place, a lead independent director – who presides over the independent directors – sets the agenda for board meetings with the chairman and leads the independent directors in executive sessions, which take place before every board meeting. The lead independent director is Mr Bruno Lafont.
Our appointments, remuneration & corporate governance and sustainability committee comprises of three directors, all of whom are independent. Our audit and risk committee has three directors, all of whom are independent.
ArcelorMittal aims to maintain a reputation for honesty and integrity in its management practices and business transactions. Our code of business conduct applies to all directors, officers and employees of ArcelorMittal and its subsidiaries worldwide.