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Mohed Altrad, CEO

 

 

A MESSAGE FROM THE PRESIDENT

A company is a human construction, built by men and women and for men and women.

 

Today, new challenges are imposed by its importance in society, which far exceed the economic context. Faced with increasing complexity, it can be compared to a living entity, capable of both repeated, reflexive action, yet liable to being caught out by external aggression.

When it is formed, a company is a system of agreements between free individuals, a simple association. It then becomes subject to a formal exchange, based on an “agreed set of objectives” which the contracting parties naturally exceed as the business expands. So which model should be chosen to ensure that the individual and the group develop mutual understanding and harmony? The fairly flexible, social contract model strikes me as the most desirable, because, whether explicit or tacit, it distinguishes between the part of the individual that is intrinsic and immutable, and the part that is prepared to work toward the common good. Moreover, being fairly close to reality, it serves an educative purpose, in regard to the double dimension of a company. Firstly, the common project, combining willpower and organizing it to meet the demands of the economy, with its rules, constraints and indispensable need for profitability. And secondly, the community of men and women who make it up. This, at least as much as yield, is one of the reasons for the company’s existence, and, being so fundamental, is no doubt the more attractive.


Thus anyone joining the company has to be aware that, in addition to his technical and intellectual potential, he brings a large part of himself as an individual, who he is and what his hopes are in regard to the common project he has ascribed to. The individual-company relationship is based on a dual commitment: a natural commitment to the elements that ensure the continuity of the company as an economic entity, and that of respect for the community of men and women for whom it exists, respect for any free and responsible entity, and, in this case, one that ultimately holds the keys to his destiny.