Sodexo is fully compliant with all corporate governance principles and applies them faithfully to best practices in France, location of its headquarters. In 2004, the Chairman of the Board of Directors and the Chief Executive Officer became separate functions.
Sodexo is governed by a Board of Directors, presided over by the chairman, Pierre Bellon, founder of Sodexo. The Board is made up of 13 members; one third are foreign nationals and one third are women.
The Board of Directors determines the Group’s strategy and overall policies and assigns directors to oversee their implementation. It supervises management control and ensures that efficient risk management procedures and internal audits are conducted. The Board also sees to it that Sodexo’s shareholders and the financial markets receive full information on the Group’s performance and all major transactions.
When creating Sodexo in 1966, we made two major choices that are still the pillars of our strategy: Sodexo is and will remain a services company, Sodexo is and will remain an independent company.
Convinced that the services sector would grow faster than the primary and secondary sectors, we have chosen to develop the services that match our mission: Sodexo has become the world leader in Quality of Life services.Our three activities contribute to improving the Quality of Life.
From foodservices to construction management, reception services to the maintenance of scanners and laboratory equipment, technical maintenance to leisure cruises, and housekeeping to rehabilitation services at correctional facilities... Sodexo provides clients with a wide array of on-site services.
Read more on our On-site Services
Benefits & Rewards Services (formerly Motivation Solutions)
Sodexo is the partner of private and public organizations for which it designs and implements tailored solutions in three service categories:
Employee Benefits to attract, engage and retain employees (such as restaurant and transport vouchers),
Incentives and Recognition to help organizations reach their qualitative and quantitative objectives (gift vouchers...),
Public Benefits to manage and control the distribution of aid and public subsidies.
Personal & Home Services
Sodexo creates and deploys services that improve the Quality of Life in three categories of services: childcare, concierge services and home care for dependent persons.
Since Sodexo’s creation in 1966, independence has been one of its fundamental principles. Independence enables the Group to maintain its values, focus on a long-term strategy, maintain management continuity and ensure its durability.
Today, Sodexo’s independence pervades its relationships with all stakeholders, including:
Our clients (our largest client worldwide represents less than 2% of our total revenues);
Our suppliers (our largest supplier represents less than 3% of our overall purchasing);
Our financing partners;
Any external organization that would limit the company’s proper functioning.
Sodexo’s financial independence is guaranteed through a controlling family shareholding with Bellon SA (family holding) holding 37.7% of the capital and 50.9% of the voting rights.
Our financial independence rests on two simple principles:
Choosing activities with low capital intensity and average investments (excluding acquisitions) that represent around 2% of revenues;
- Permanent access to sufficient cash resources to finance development, reimburse medium term borrowings and pay a dividend to shareholders.
We provide a springboard for our employees' development and in the medium term, seek to:
Be among the global companies most appreciated by its employees;
Make Sodexo a globally known, chosen and beloved brand;
Sustain 7% annual average revenue growth;
Reach a consolidated operating margin of 6.3% in four years' time;
- Achieve return on capital employed above 15%.