STOKVIS GROUP presentation – 2014
20 min
EFFICIENCY by service
STOKVIS GROUP
TABLE OF CONTENTS
1 - MARKET AND ECOSYTEM
2 - STOKVIS GROUP
3 - CORE BUSINESSES
4 - STRATEGY
5 - REFERENCES
6 - DATA
7 - ANNEXES7.1 - FINANCIAL DATA
7.2 - GOVERNANCE BODIES
7.3 - FLOWCHARTS
1. MARKET AND ECOSYSTEM
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STOKVIS GROUP
1- MARKET AND ECOSYSTEM MOROCCO: ECONOMIC CONTEXT / EXPECTATIONS
SOURCE: THE WORLD BANK
SOURCE : STANDARD & POOR
Detailed statistics available on the official website of the World Bank
Morocco Country at a glance
Rating Sovereigns Rating
T&C Assessment
BBB+
GENERAL INFORMATION
Political system Constitutional monarchy !
Currency Dirham (MAD)
U.S. $ 1 = 8 DHS / 1 € = 11 DHS !Geographic Location / Area
Northwest Africa 712 000 km2 !
Resources Phosphates
agriculture, fisheries
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STOKVIS GROUP
1- Market and ecosystemMorocco: MAJOR STRUCTURAL PROJECTS (1/2)
Morocco has started implementing major structuring projects to promote the economical and social development of the country For more information: World Bank / Morocco overview
INFRASTRUCTURES A budget of $US13.6 billion allocated to infrastructure:
▪ Rails ▪ Roads ▪ Highways ▪ Ports ▪ Airports !!!
2008 - 2015
AGRICULTURE !The strategy « Plan Maroc Vert » includes a comprehensive approach that covers all the economic players. Two major pillars: a modern and sustainable agriculture
2020 goal
TOURISM !6 resorts planned in the « Plan Azur » strategy, which will allow to double the capacity to welcome tourists, in oder to put Morocco in the top 20 worldwide destinations. !
HOUSING !150,000 units to be produced each year to meet the domestic demand constantly increasing !2012 - 2016 2007 - 2017
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STOKVIS GROUP
1- MARKET AND ECOSYSTEM MOROCCO: MAJOR STRUCTURAL PROJECTS (2/2)
!MANUFACTURING !$US 1.5 billion is dedicated to the development of industrial platforms integrated in the « Emergence » pact: putting all efforts on industrial projects with high potential and clear competitive and usable advantages2009 - 2015
!RENEWABLE ENERGIES !A budget of $US12 billion for the wind turbines and solar energies. Main goal : a production of 4000 MW, or about 40% of the country's energy consumption !!2009 - 2015
!ORIENTATIONS
In this favorable context, STOKVIS GROUP aims to: !▪ Increase its current market shares to
strengthen the leading position in the historic business
▪ Diversify its existing business by capitalizing on its strong experience and technical know-how and organizational
▪ Develop new strong international relationships
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2. STOKVIS GROUP
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STOKVIS GROUP
2- STOKVIS GROUP DATA SHEET
On the market for over 60 years, STOKVIS GROUP has positioned itself as the Moroccan leader for import and distribution of technical equipments !!Our core businesses references: !
▪ Construction, mining and quarrying
▪ Farm equipments ▪ Automobile
Data – session 05/30/2014 Source: casablanca-bourse.com
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Exchange rate 37.98
Variation 0.74%
Open 35.44
High 37.98
Low 35.44
Previous close 37.70
Volume (MAD) 908 710.04
Volume 25 576
Market cap 349 231 797
Total shares 9 195 150
STOKVIS GROUP
2- STOKVIS GROUP POSITIONING
Our leadership position is based on distinctive competencies clearly established: !1. Structuring and evolving partnerships !1. A range of services with high added value !1. Structuring of the entire value chain on each
sector of activity !
2. An organization able to ensure a balanced sharing of duties and responsibilities
!1. Continued investment in quality !1. Resale network with more than 35 agents
covering the whole national territory
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STOKVIS GROUP
2- STOKVIS GROUP HISTORY
STOKVIS I.C !
Founded !
Casablanca MOROCCO
1950 2007
!IPO
Casablanca stock exchange
Ticker SNA !!!!!
Additional information 2009 Turnover > MAD 1 billion and Certification ISO 9001/2008
CGEM label of Corporate Citizen
2005 New premises
2004 Certification ISO 9001/2002
2002 Certification ISO 9001/2002
2003 New information system
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2014 Confirmation of the RSE label
2013 Custom categorization – A Class
STOKVIS GROUP
2- STOKVIS GROUP HEADCOUNT
300 Employees
24 000 m2 Area of the main site in Bouskoura
4 000 m2 in Zenata (STOKVIS Motors) 2 500 m2 in Rabat (Fiat Rabat)
1 500 m2 in Zenata (Fiat Zenata)
▪ Average age: 35 years old ▪ Men/women ratio: 0.5
▪ Offices in Casablanca ▪ New car dealership in Zenata
INTERNAL COMMITMENT
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STOKVIS GROUP
2- STOKVIS GROUP VALUES
INTERNAL COMMITMENT
ETHICSRESPECT OF THE
COMPETITION RULES
ENVIRONMENTAL PROTECTION
CITIZEN AND SOCIAL COMMITMENT
The development of a general business environment that has to be healthy and socially responsible is a major challenge for the future of STOKVIS GROUP.
Social benefits ▪ Transportation, canteen, gym, bonuses, conventions
with credit agencies and health centers, etc.. ▪ Sponsoring of the internal soccer team Training ▪ Integration program for new recruits ▪ Training in Morocco and abroad
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STOKVIS GROUP
1 %17 %
32 %
50 %
SANASTOK SAHAM ASSURANCE BOURSE PERSONNEL
SANASTOK ▪ SANAM HOLDING (M. Saïd ALJ) ▪ CHAKS INVEST (M. Chakib BEN EL KHADIR)
SAHAM ASSURANCE
FREE FLOAT Casablanca stock exchange
EMPLOYEE SHAREHOLDING
2- STOKVIS GROUP SHAREHOLDING
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0,67 %
16,7 %
50,19 %
32,44 %
3. CORE BUSINESSES
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STOKVIS GROUP
3- CORE BUSINESSESAREAS OF EXPERTISE
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CONSTRUCTION, MINES & QUARRIES
!AGRICULTURE
!AUTOMOBILE
REGIONAL DEVELOPMENT
!GABON ALGERIA TUNISIA
IVORY COAST !
!!RIO
!LOXAM RENTAL
!!KOMCAT
!STOKVIS
INDUSTRIES
!STOKVIS MOTORS
STOKVIS GROUP
3- CORE BUSINESSESCONSTRUCTION, MINES & QUARRIES
Types of equipment: ▪ Heavy machinery (bulldozer, dumper truck) ▪ Semi-heavy machinery (excavator) ▪ Lightweight gear (loader, grader, roller) !
Activities : ▪ Mines and quarries ▪ Public works
Partners
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STOKVIS GROUP
3- CORE BUSINESSESAGRICULTURE
Types of equipment : ▪ Labour (tractors) ▪ Seeding (sowing) ▪ Harvest (combine harvesters, presses straw,
etc.) !
Details: ▪ Merger and concentration of major brands ▪ Newcomers: China, India, Turkey and Brazil
Partners
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STOKVIS GROUP
3- CORE BUSINESSESAUTOMOBILE
Types of equipment : ▪ Passenger car ▪ Commercial vehicles !
Activities : ▪ Commercialization ▪ Housekeeping and maintenance
▪ Casablanca dealership ▪ Rabat dealership
Partners
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STOKVIS GROUP
3- CORE BUSINESSESREGIONAL DEVELOPMENT
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Ext
erna
l env
ironm
ent
Inte
rnal
env
ironm
ent
Political environment Macroeconomic data Non-saturated markets
Morocco has signed several economic cooperations with many countries in West Africa !For instance in 2013, FDI Moroccan companies in this economical area amounted to MAD 1.2 billion (Source: Moroccan press)
GDP: an average growth rate of 5% with very encouraging prospects for development (Source: IMF) !Significant program support from international institutions
Weak competition in several markets where relative ease to install !Low of equipment rate that still offers great business opportunities in several sectors (housing, infrastructure, public facilities ...)
STOKVIS: a unique positioning to capitalize on its strong experience and its financial leverage to effectively serve regional markets A win-win opportunity for STOKVIS partners to improve the development of their activities in West Africa
Expertise and know-how Availability of financial
resources Regional proximity
Over the years, STOKVIS has acquired a very strong experience in commercialization and distribution of various equipments. Today, STOKVIS is a regional reference in its market.
A solid financial foundation. Listing on the Casablanca stock exchange and access to additional financial resources. Strong relationships with local banks that are already present on the target markets in West Africa.
Morocco would be the ideal hub for multinational companies wishing to invest in North Africa and West Africa. Availability of air/shipping lines. Linguistic proximity. Tax benefits
STOKVIS GROUP
3- CORE BUSINESSESREGIONAL DEVELOPMENT / AFRICA
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WEST AFRICA, DRIVING FORCE OF THE CONTINENT
MOROCCO: +4.6%
Regional Base
TUNISIA
ALGERIALIBYA EGYPT
SUDAN
ETHIOPIA
KENYA
TANZANIA
MOZAMBIQUE
RWANDA
GABON
ANGOLA
NAMIBIA
SOUTH AFRICA
NIGE
NIGERIA
MALI
GHANA
IVORY COAST
SENEGAL
TOTAL AFRICA
INDIAN OCEANGROWTH FORECASTS
In 2013 in GDP %
ATLANTIC OCEAN
!Targeted sectors : !▪ Mining and
Construction ▪ Agriculture ▪ Handling ▪ Energy
STOKVIS GROUP
3- CORE BUSINESSESAREAS OF EXPERTISE
Subsidiaries !Additional shares
STOKVIS MOTORS100 %
KOMCAT100 %
LOXAM - ATLAS RENTAL49 %
RIO (REDUCE INVENT OPTIMIZE) 38%
STOKVIS INDUSTRIES100 % Industries
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STOKVIS GROUP
Industries
3- CORE BUSINESSESACTIVITIES/SUBSIDIARIES
!Includes the following
activities: ▪ Handling, cleaning
and racking ▪ Air conditioning and
industrial refrigeration
▪ Energy
!Brands: ▪ HIMOINSA ▪ YORK ▪ MECALUX ▪ KARCHER ▪ REPSOL ▪ MITSUBISHI
MOTORS ▪ IRCO !
▪ Import and distribution of motorcycles, scooters and tricycles
▪ Import and distribution of agricultural equipment, trucks and commercial vehicles manufactured in China
!Brands: ▪ CLASS ▪ MAHINDRA
▪ Average and long-term rental of equipments for building and public works
▪ Short and medium term rental of equipment for building and public works
▪ Treatment of water and waste
▪ Renewable energies
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4. STRATEGY
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STOKVIS GROUP
4- STRATEGY GROWTH DRIVERS
As part of its strategic directions, STOKVIS GROUP focuses on three growth drivers
Consolidation
Reinforcing of the leading position in the historical businesses
Diversification Partnership
Improving the supply of goods and services
Developing partnerships and obtaining exclusive distribution networks
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STOKVIS GROUP
4- STRATEGY DEVELOPMENT LEVERS
1. Strategy ‘One Stop Shop’
2. Observation and advanced technology
3. Human resources
4. Costs’ optimization
5. International opportunities
STOKVIS GROUP offers a comprehensive and diversified solutions to its customers. Either to purchase or rent for long or short terms, we make sure that any kind of products or services are present in our solution
STOKVIS GROUP continues to expand its solutions through the distribution of products with high technological content to meet specific technical needs for its customers
STOKVIS GROUP offers to high potential profiles trainings, and professional/personal development
Systematic cost control for all processes and for developed commercial projects - ISO 9001 Certification / 2008
STOKVIS GROUP studies opportunities to expand more abroad: particularly Gabon, Ivory Coast, Algeria and Tunisia
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STOKVIS GROUP
4- STRATEGY GOALS
STOKVIS GROUP is part of the national growth by following these priorities:
Increase in turnover Improvement in net profitability
Increase market shares
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STOKVIS GROUP
4- STRATEGY APPROACH
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STOKVIS GROUP
4- STRATEGY CIVIC ENGAGEMENT
!STOKVIS GROUP has confirmed its position as a major socially responsible economical actor. !Beyond its social and professional commitment, the GROUP sponsors many associations, cultural and sports projects
!▪ INSAF Association : for more than three years, STOKVIS GROUP has
been supporting this association that calls for women and children’s rights. Enrollment of girls in rural areas is also one of the priorities for the association !
▪ Amal Association : STOKVIS GROUP financially participated over the establishment of a gym dedicated to people with diabetes !
▪ Philharmonic orchestra: for more than a decade, STOKVIS GROUP has been helping The Philharmonic Orchestra of Morocco in its promotion of national and international music scene and supporting artistic education of children in need !
▪ Casablanca Marathon : STOKVIS GROUP sponsors and participates actively to every edition of Casablanca Marathons. Our employees wear proudly the colors of the company during this event
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5. REFERENCES
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STOKVIS GROUP
6- REFERENCESOUR PARTNERS
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▪ CONSTRUCTION TP MAROC ▪ OFFICE CHERIFIEN DES PHOSPHATES ▪ COVEC ▪ EMT ▪ SINTRAM ▪ ARCO BETON
▪ GENERALE ROUTIERE ▪ HOUAR SA ▪ ADMINISTRATION DEFENSE NATIONALE ▪ ENTREPRISE ROUTE DU NORD ▪ ENTREPRISE HAJJI ▪ SGTM
▪ DOMAINES ROYAUX ▪ CENTRALE LAITIERE ▪ CELLIERS DU MAROC
▪ INRA ▪ IAV ▪ GRANDS DOMAINES PRIVES ▪ COSUMAR
▪ CREDIT AGRICOLE ▪ BNP PARIBAS ▪ CAM
▪ HOTEL SHERATON ▪ BMCE ▪ BMCI
▪ ALTADIS ▪ SOMACA ▪ GEODIS ▪ MARSA MAROC
▪ VALEO ▪ RENAULT MAROC ▪ LEONI
CONCTRUCTION EQUIPMENTS MINES & QUARRIES
AGRICULTURAL EQUIPMENTS GENERATORS
REFRIGERATION AND AIR CONDITIONING
MAINTENANCE, CLEANING AND SHELF
ENERGY
MAJOR CLIENTS
▪ LIFA ▪ HERITIERS LADRAA ▪ OCP SA
▪ LUB NORD ▪ PIECES AUTOS ALFOUNOUNE ▪ JACOB DELAFON
VEHICLES▪ MINISTERE DE L’INTERIEUR ▪ ONEE
▪ MINISTERE DE LA SANTE ▪ CLIENTELE PRIVEE
▪ COPAG ▪ INRA
▪ GRANDS DOMAINES AGRICOLES
CORE BUSINESSES
STOKVIS MOTORS
6. FINANCIAL DATA
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STOKVIS GROUP
5- FINANCIAL DATA TURNOVER EVOLUTION (M$US)
0
35
70
105
140
In M$US
2007 2008 2009 2010 2011 2012 2013
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7. ANNEXES
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STOKVIS GROUP
5- FINANCIAL DATA COMMERCIAL AND FINANCIAL SITUATION
2007 2008 2009 2010 2011 2012 2013
TURNOVER 74 113 132 92 58 77 94
GROSS MARGIN (%) 13 17 19 14 22 20 14
NET INCOME (after taxes)
3,7 5,7 7,5 3,1 1,8 2,1 2,6
!Data in M$US
!Click to see the balance
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STOKVIS GROUP
7- ANNEXESGOVERNANCE BODIES
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Strategic CommitteeInternal Compensation
Committee
Audit Committee
Board of Directors
Business Review
Executive Committee
Purchasing Committee
Recovery Committee
Budget Committee
Health and Safety Committee
Recruitment Committee
1 - Stockholders level ---2 - Financial Management Level ---3 - Executive level ---4 - Operational level Specialized committees
STOKVIS GROUP
Strategic CommitteeInternal
Compensation Committee
Audit Committee
Board of Directors
Business Review
Executive Committee
Purchasing Committee
AUDIT COMMITTEE
• Attributions − Supervision and control of financial and accounting information
(financial statements) − Inspection reports of Internal Audit, review the program of
Internal Audit and action plan − Inspection reports of the External Audit − Evaluate the organization of delegated authority − Monitor the functioning of the internal control system − Assess and monitor risks − Respect legal and regulatory requirements
• Composition − Non-executive officers (Min 2) − Director and General Manager − CFO − Internal Audit Management − External auditor
• Procedure − Frequency / Duration: twice a year (before the Board of directors)
/ 4 hours − Secretariat: Internal Audit Manager − Progress/ Decision: à Invitation 15 days before à Preparation of reports 5 days before à Quorum: Administrators, Managing Director, Internal Audit
Management and External Auditor à Review of previous actions to each committee à Validation of the audit action plan in December
• Major Outputs
– Audit Report / Summary of recommendations /Annual audit plan !
Recovery Committee
Budget Committee
Health and Safety Committee
Recruitment Committee
7- ANNEXES AUDIT COMMITTEE
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STOKVIS GROUP
COMPENSATION COMMITTEE
• Attributions
- Salary conditions for decision makers - Salary condition for middle managers - Appointments to management positions - Social benefits for employees - Training policy - Succession plan - Discussion of social indicators
• Composition
- Director and General Manager - CFO - Human Resources Management
(No director shall be present during the deliberations regarding their own situation.)
• Procedure
- Frequency / Duration: twice a year ( January and July) / 2 hours
- Secretariat: Human Resources Management - Progress/ Decision: à Invitation 15 days before à Preparation of reports 5 days before à Quorum: Administrators, ADG, Audit, Human Resource
Management à Review of previous actions to each committee
• Major Outputs
- Human resource development plan
Strategic CommitteeInternal
Compensation Committee
Audit Committee
Board of Directors
Business Review
Executive Committee
Purchasing Committee
Recovery Committee
Budget Committee
Health and Safety Committee
Recruitment Committee
7- ANNEXEScompensation COMMITTEE
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STOKVIS GROUP
STRATEGIC COMMITTEE
• Attributions
– Sharing sensitive information – Evaluate the performance and results of STOKVIS
GROUP – Market Analysis – Strategic outlooks – Development – Human Resources
• Composition – Director and General Manager – CFO – Business Unit Manager/ Subsidiary !
• Procedure − Frequency / duration: once per semester for a period
of 4 hours − Secretariat: Administrative and financial Management − Process / Decision: à Invitation sent at least 15 days before the meeting à Sending additional documents with the invitation
• Major Outputs – Evaluate Key Performance Indicators (KPI) – Strategic development plan
Strategic CommitteeInternal
Compensation Committee
Audit Committee
Board of Directors
Business Review
Executive Committee
Purchasing Committee
Recovery Committee
Budget Committee
Health and Safety Committee
Recruitment Committee
7- ANNEXESSTRATEGIC COMMITTEE
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STOKVIS GROUP
EXECUTIVE COMMITTEE
• Attributions – Strategy alignment with the guidelines of shareholders – Analysis of the positionning with the competition – Market share analysis by activity – Decision range of products – Evaluation of financial, business and operational performance – Evaluation of commitments and cash – Defining improvements for the different areas of the GROUP – Validation of investments and budgets – Respect of procedures and internal control – Preparing presentations for Board of diretors – Update on current projects
• Composition – Director and General Manager – CFO – Financial Controller – Business Unit Manager – Other (depending on the current projets) !
• Procedure
− Frequency / duration: once per quarter during 3 hours − Secretariat: Financial Controller − Process / Decision: à Invitation at least 7 days before the meeting à Sending additional documents with the invitation à Quorum of the committee set at 3 permanent members plus the CEO
whose presence is mandatory à The report must be submitted no later than 48 hours after the meeting
and must be validated in the following 48 hours by all participants
• Major Outputs – Evaluation of performances – Evaluation of Key Performance Indicators (KPI) – Action plan on blocking points – Continuous improvement plan
Strategic CommitteeInternal
Compensation Committee
Audit Committee
Board of Directors
Business Review
Executive Committee
Purchasing Committee
Recovery Committee
Budget Committee
Health an Safety Committee
Recruitment Committee
397- ANNEXESEXECUTIVE COMMITTEE
STOKVIS GROUP
BUSINESS REVIEW
• Attributions
– Summary of the previous meeting – Evolution of sales by product – Cumulative sales and rate of achievement – Commercial animation – Operational monitoring processes (quality of service,
customer complaints, recruitment ...) • Composition
– Director and General Manager – CFO – Financial Controller – Business Unit Manager !
• Procedure − Frequency / duration: once a month (the 10th of each
month) − Secretariat: concerned Business Unit Manager − Process / Decision: à One to One meeting with each Business Unit Manager à Invitation sent at least 2 days before the meeting à Sending operational report and agenda with the
invitation à The report must be submitted no later than 24 hours
after the holding of the meeting and must be validated in the next 24 hours by all participants
Strategic CommitteeInternal
Compensation Committee
Audit Committee
Board of Directors
Business Review
Executive Committee
Purchasing Committee
Recovery Committee
Budget Committee
Health and Safety Committee
Recruitment Committee
7- ANNEXES BUSINESS REVIEW (1/2)
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STOKVIS GROUP
BUSINESS REVIEW
• Inputs – BU Manager’s monthly report: ➢ Main facts of the month ➢ Competition ➢ Commercial
➢ Success rate ➢ Number of customers billed for the month
➢ Analysis of the financial statement ➢ Turnover and growth margin
➢ Comments compared to budget and month year -1
➢ Projection of the turnover and growth margin for the coming quarter and YTG
➢ Direct expenses - Explanation of Variances ➢ Contribution ➢ Recovery
➢ Evolution of Days Sales Outstanding and receipts compared to forecasts.
➢ Comments on claims already expired . ➢ Stocks
➢ Evolution of the ITO ➢ Comment on destocking and old stocks
➢ Staff and other information !• Major Outputs
– Monitoring of achievements – Evaluation of KPIs – Action plan on blocking points – Continuous improvement plan
7- ANNEXESBUSINESS REVIEW (2/2)
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Strategic CommitteeInternal
Compensation Committee
Audit Committee
Board of Directors
Business Review
Executive Committee
Purchasing Committee
Recovery Committee
Budget Committee
Health and Safety Committee
Recruitment Committee
STOKVIS GROUP
COMMITTEE OF RECRUITMENT
• Attributions
– Recruitment of new staff • Composition
– Director and General Manager – Administration and Financial Management – Human Resources Management – BU Manager – Other BU Managers
• Procedure − Frequency / duration: depending on the need to
recruit − Secretariat: Human Resources Management − Process / Decision :
à Invitation sent at least 3 days before the meeting
à Sending resumes of short-listed candidates !• Major Outputs
– Recruitment decision
Strategic CommitteeInternal
Compensation Committee
Audit Committee
Board of Directors
Business Review
Executive Committee
Purchasing Committee
Recovery Committee
Budget Committee
Health and Safety Committee
Recruitment Committee
7- ANNEXESCOMMITTEE OF RECRUITMENT
42
STOKVIS GROUP
RECOVERY COMMITTEE
• Attributions
– Detailed evaluation of the status of claims – Decision to classify loans and status (litigation, …)
• Composition – Director and General Manager – CFO – BU Manager – Recovery Manager !
• Procedure − Frequency / duration: once a month during 1h30 − Secretariat: Recovery Manager − Process / Decision :
à Invitation sent at least 7 days before the meeting à Sending additional documents with the invitation à The report must be submitted no later than 48
hours after the meeting and must be validated in the following 48 hours by all participants !
• Major Outputs – Monitoring of recoveries – Performance monitoring (KPIs) – Implementation plan of acted decisions
Strategic CommitteeInternal
Compensation Committee
Audit Committee
Board of Directors
Business Review
Executive Committee
Purchasing Committee
Recovery Committee
Budget Committee
Health and Safety Committee
Recruitment Committee
7- ANNEXESRECOVERY COMMITTEE
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STOKVIS GROUP
PURCHASING COMMITTEE
• Attributions − Providors’ referencing − Decision to renew and / or review purchasing
framework contracts − Validation of the procurement plan and bidding
launch !• Composition − Director and General Manager − CFO − Financial Controller !
• Procedure − Frequency: once a year − Secretariat: Financial Controller − Process / Decision : à Invitation sent 5 days before à Preparation of technical and financial reports à Quorum: CFO, Financial Controller, Instructing
Entity à Review of previous actions to each committee
• Major Outputs – Updating the list of approved suppliers – Updating purchasing framework contracts – Annual procurement plan !
Strategic CommitteeInternal
Compensation Committee
Audit Committee
Board of directors
Business Review
Executive Committee
Purchasing Committee
Recovery Committee
Budget Committee
Health and Safety Committee
Recruitment Committee
7- ANNEXESPURCHASING COMMITTEE
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STOKVIS GROUP
BUDGET COMMITTEE
• Attributions
– Presentation and approval of estimated budget !• Composition
– Director and General Manager – CFO – Financial Controller – BU Manager !
• Procedure − Frequency/duration: once a year (September) − Secretariat: Financial Controller − Process/ Decision :
à Invitation sent at least 15 days before the meeting
à Sending additional documents with the invitation
• Major Outputs
– Approved budget
Strategic CommitteeInternal
Compensation Committee
Audit Committee
Board of Directors
Business Review
Executive Committee
Purchasing Committee
Recovery Committee
Budget Committee
Health and Safety Committee
Recruitment committee
7- ANNEXESBUDGET COMMITTEE
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STOKVIS GROUP
HEALTH AND SAFETY COMMITTEE
• Attributions
– Analysis of working conditions and occupational risks – Analysis of the circumstances and causes of accidents
or diseases – Proposal of preventive actions
• Composition – Human Resource Manager – Quality Manager – Doctor – Security Manager – Staff representative
• Procedure − Frequency / duration: once per quarter − Secretariat: quality − Process/ Decision: :
à Invitation sent at least 15 days before the meeting
à Sending additional documents with the invitation !
• Major Outputs – Quality and safety action plan d’action
Strategic CommitteeInternal
Compensation Committee
Audit Committee
Board of Directors
Business Review
Executive Committee
Purchasing Committee
Recovery Committee
Budget Committee
Health and Safety Committee
Recruitment Committee
7- ANNEXESHEALTH AND SAFETY COMMITTEE
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STOKVIS GROUP
7- ANNEXESGENERAL FLOWCHART
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STOKVIS GROUP
7- ANNEXESSTOKVIS MOTORS FLOWCHART
48
STOKVIS GROUP
7- ANNEXESSTOKVIS INDUSTRIES FLOWCHART
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