TECHNIP SA (PTY) LTD
Construction Engineering in Sandton

A full-range services from basic engineering to global solutions. Technip can provide all or part of the services for basic and detail engineering, procurement, construction and project management. We have an extensive track record in the implementation of large turnkey contracts and the arrangement of related international financing on behalf of our clients. We work with partners from all parts of the globe and implement a global procurement policy that enables Technip to obtain the most competitive prices on the international market. We are thus in a position to fulfill the expectations of operators wanting to entrust the largest possible range of services to a single contractor able to manage all aspects of a major project at optimized cost. Take it further is our approach to business, partnerships and aspirations. It is the message we want to convey through our words and above all our actions. Technip continually improves its corporate governance practices. As part of this ongoing improvement, the Board of Directors has drawn up a charter defining the rights and duties of Board members, as well as a set of internal rules for the Board itself and for its committees. All Technip’s activities are governed by the Group Values and the six charters that explain them in more detail, particularly the Ethics charter. The Board of Directors determines the Company’s strategic directions and monitors their implementation. In making decisions, the Board takes into account the recommendations of its four specialized committees. In accordance with its internal rules, the Board must evaluate its operating policies at intervals of no more than 3 years. In this regard, the Board of Directors, with the assistance of an external consultant, carried out a comprehensive assessment The Board of Directors took note of the findings in the consultant’s report, which portrays a very positive assessment of the functioning of the Board of Directors with a collegial atmosphere of complete trust and transparency in relations with the Company’s senior management, as well as proposed recommendations in order to pursue improvements. The role of this committee is to enable the Board to ensure the quality of internal controls as well as the integrity of the information disclosed to shareholders and financial markets. The purpose of this committee is to make recommendations to the Board on the appointment of directors and to examine the policy regarding compensation of Executive Committee members and top management within the Group. The main role of this committee is to examine Technip’s overall strategy (strategic orientations, plans and budgets, investments, acquisitions and disposal of assets) as proposed by the Company’s Chairman and CEO. The role of this committee is to promote best practices regarding governance and ethics within the Group. The auditors’ current 6-year term is due to expire at the end of the Annual General Meeting of Shareholders convened to approve the accounts for the 2015 financial year.