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Paris, November 27, 2008 – During its meeting of November 25, 2008, the Board of Directors of Nexans reviewed the AFEP-MEDEF recommendations issued on October 6, 2008 regarding compensation of executive directors of listed companies.
The Board considers that those recommendations are in line with the corporate governance approach of Nexans and has decided to implement them.
The Board has further decided that the AFEP-MEDEF code of corporate governance, as amended by these recommendations, shall constitute the code of corporate governance to which Nexans will refer to in preparing the report provided under Article L.225-37 of the French Commercial code, in accordance with Law n°2008-649 of July 3, 2008.
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