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Governance and Board of Directors

Governance

The Board of Directors of Deminor Recovery Services has put in place a robust governance framework, the cornerstones of which are effective decision-making, strong control mechanisms and risk monitoring, transparency, accountability and compliance with laws, regulations and ethical codes.

The Board of Directors is composed of three executive directors and three non-executive directors. One non-executive director is classed as being independent.

The Board is responsible for all major decisions, approval of budgets, business plans and financial statements, internal controls, risk monitoring, executive remuneration, stakeholder engagement and all other matters that are not within the responsibility of the management committee. DRS’ accounts are audited by an external audit firm.

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Board of Directors

Group & Shareholder Structure

Deminor Recovery Services is a group of companies owned by the partners of Deminor Group through Deminor Recovery Services (Luxembourg) SàRL.

Deminor Recovery Services is the trade name of a group of companies headed by Deminor Recovery Services (Luxembourg) SARL, with registered office at 1 rue Jean-Pierre Brasseur, L-1258 Luxembourg, registered with the Chamber of Commerce of Luxembourg under number B017529, and subscribed capital of EUR 2,542,104. 

DRS Belgium SCRL, whose registered office is located at Sablon Tower – 19th Floor Rue Joseph Stevens 7, 1000 Brussels (Belgium), is a wholly owned subsidiary of Deminor Recovery Services (Luxembourg) SARL. Other subsidiaries are Deminor France SAS (Paris), DRS Italia SRL (Milan) and Deminor Recovery Services (USA) Inc (New York). DRS also has representative offices in London and Hong Kong. Services are performed, as the case may be, by Deminor Recovery Services (Luxembourg) SARL and/or its subsidiaries.

The performance of services by Deminor Recovery Services group may be subject to certain regulatory restrictions. Please contact us for more information about the services that we can offer in your particular country of interest.

Deminor Group’s other activities (Shareholder & Governance Services) are operated by a distinct company, Deminor S.A. There are no corporate links between Deminor Recovery Services and Deminor S.A.

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