GOVERNANCE AND TRANSPARENCY

SACEM (Society of Authors, Composers and Publishers of Music) is a non-profit non-trading entity owned and managed by its members: authors, composers and publishers of music.

An organization managed by its members

General Assembly

General Assembly

Every year, on the 3rd Tuesday in June, Sacem members convene for their General Assembly.

They vote to elect their representatives to:

  • the Board of Directors
  • the Supervisory Board
  • the Programmes Committee



The General Assembly of Members also decide at least on:

  • Sacem’s annual accounts
  • the Activity Report presented by the CEO
  • the Supervisory Board’s Report*
  • the annual Transparency Report**
  • the statutory auditor’s Report
  • the Programmes Committee’s Report
  • the general policy on the distribution of monies
  • the general policy on the use of non-distributable amounts
  • the general policy on investments
  • the general policy on deductions operated by the Society
  • the use of non-distributable amounts
  • all matters listed on the Agenda of the General Assembly

* The Supervisory Board being elected for the very first time at the General Assembly of 2017, its first report will be presented to the General Assembly of 2018.

** The 1st annual Transparency Report will pertain to the 2017 tax year.

Learning more about the General Assembly

 
The Board of
Directors

The Board of Directors

The Board of Directors makes all essential decisions in the life of Sacem. It appoints the CEO, who manages the Society.

Learning more about the Board of Directors

THE SUPERVISORY
BOARD

THE SUPERVISORY BOARD

  • monitors the activities of the Board of directors and the CEO
  • monitors the resources and expenses of the company and checks its general accounting records
  • it rules on:
    • the risk management policy
    • the approval of any acquisitions, sales and mortgages of real estate property
    • the approval of mergers and alliances, the setting-up of subsidiaries, and the acquisition of other entities or shares or rights in other entities
    • the approval of loans, granting loans or the provision of security for loans.
  • it can issue opinions on the refusal by SACEM to grant members access to the Society's documents.

Learning more about THE SUPERVISORY BOARD

The programmes
committee

The programmes committee

  • checks distribution programmes, tables and documents
  • checks the inspection reports compiled on all establishments and venues where the works of the society's members are performed in public.

Learning more about THE PROGRAMMES COMMITTEE

Ethics
committee

Ethics committee

  • its objective is to anticipate, identify and manage conflicts of interest between members of the Board of Directors, the Supervisory Board, the Statutory Programmes Committee, and the Chief Executive Officer
  • it is notified of the annual declarations of interests from the members of the Board of Directors, the Supervisory Board and the Chief Executive Officer
  • it ensures compliance with the eligibility rules for members of the Boards and the Statutory Programmes Committee
  • at the request of the Board of Directors, it examines the files of any member whose conduct or activity appears to be incompatible with the duties and obligations relating to their membership.

Learning more about the Ethics committee


A SOCIETY UNDER VERY CLOSE SUPERVISION

Like all collective management societies in France, SACEM’s management and activities are subject to regular supervision as provided for by law or by its Articles of Association. Transparency is a cardinal principle in SACEM governance and operations.

Few private enterprises are subject to such stringent regular oversight; today, there are ten levels of surveillance, each different and separate from the others. This guarantees our management’s efficiency, fairness and transparency.

Yearly external controls:

  • Auditor: like many private companies, SACEM accounts are checked by an independent auditor who submits an annual report to the SACEM General Assembly.
  • Permanent Auditing Committee for Collective Management Societies: SACEM is audited every year by this independent committee dedicated to collective management societies, housed at the Cour des Comptes (Court of Audit) and chaired by a Court magistrate. The Permanent Auditing Committee report is public. No other private company is audited by the Cour des Comptes.
  • Ministry of Culture: it validates and checks all statutory changes made by SACEM, which must also submit to it its annual accounts.
  • Detailed report on the sums from the private copy levy used for Cultural Action: the law on Freedom of Creation, Architecture and Heritage (July 2016) requires collective management societies to publish a (publicly available) yearly report accessible to all in the form of a single database detailing all funding allocated to festivals, artists’ residences and self-produced albums, corresponding to 25% of the private copy levy.

Internal controls:

  • Board of Directors: as the Society’s executive body, it validates all decisions concerning SACEM activities, in particular negotiation of the Society’s repertoire representation contracts and royalty distribution rules. It validates the budget and controls the CEO’s operational activities and SACEM departments.
  • Supervisory Board: it controls the activities and mission completion of the Board of Directors and the CEO, whose performances it evaluates through a report submitted each year to the General Assembly. It also controls the Society’s resources and expenditure.
  • Ethics Committee: it averts, identifies, manages and controls all situations of conflicts of interest ― actual or potential ― confronting SACEM Directors, members of the Supervisory Board and Statutory Programming Committee and the CEO. It receives the annual declarations of interests provided for by the Intellectual Property Code and guarantees that the rules of eligibility for the Board of Directors, Supervisory Board and Statutory Programming Committee are respected.
  • Transparency Report: it is published every year starting in 2017 and sent to all SACEM members, to provide them with accurate detailed yearly accounts.
  • Auditing and Internal Control Department: it proceeds every year with audits and other controls of the activities of the Society’s various departments and ensures that all the association’s procedures, regulations and charters are observed during the implementation of these activities, with particular regard for ethical business practices.
  • Committees: made up of SACEM members elected by the General Assembly every year, SACEM committees assist the Board of Directors in checking the Society’s activities and helping in decision-making.

For more information on governance at SACEM and the new Articles of Association voted on 1 March 2017: consult the complete file on Governance, ethics and transparency (MagSacem n°97).