Alstom has been listed on the Paris stock exchange since 1998 and therefore applies corporate governance rules. Alstom provides transparency when conducting business and applies corporate governance guidelines.

Corporate governance code of reference

For many years, the Group has committed itself to carrying out the corporate governance principles published by the AFEP and the MEDEF.

The corporate governance code to which the Group abides is the AFEP-MEDEF corporate governance code dated April 2010 (attached below)

Effective internal control

A robust and broad internal control system encompasses all Group functions from Finance to Human Resources. By enabling quicker, more reliable and more competitive operations, a sound internal control system should provide reasonable assurance that laws and regulations are complied with at all times, information and data including financial information are reliable and operations are completed in an optimal manner. Around 3,000 Alstom personnel, including operational and unit management, are involved in the internal control self-assessment exercise.