The Founders Share Company Directors act as Trustees of the Thomson Reuters Trust Principles (the "Principles") which are applied to the entire Thomson Reuters business. The Principles govern the way Thomson Reuters carries out business throughout the world.
Mr. Lamy, who is currently the Director General of the WTO, holds degrees from the Paris based Ecole des Hautes Etudes Commerciales (HEC), from the Institut d'Etudes Politiques (IEP) and from the Ecole Nationale d'Administration (ENA). He began his career in the French Civil Service at the Inspection Generale des Finances and at the Treasury. He then became an advisor to the Finance Minister Jacques Delors, and, subsequently, to Prime Minister Pierre Mauroy.
In Brussels between 1985 and 1994, Mr. Lamy was Chief of Staff to the President of the European Commission, Mr. Jacques Delors, and his representative as Sherpa in the G7. In November 1994, Mr. Lamy advised on the restructuring of French Bank, Credit Lyonnais, later becoming CEO until the bank was privatised in 1999. Between 1999 and 2004, Pascal Lamy was Commissioner for Trade at the European Commission under Romano Prodi and since September 2005 he has been Director General at the WTO.
Pehr Gyllenhammar, Chairman of the Founders Share Company Board, said, "I am delighted to welcome Mr. Lamy to the Founders Share Company. I first worked with Mr. Lamy when he was Chief of Staff to the President of the European Union, Mr. Jacques Delors, and later when he was Commissioner for Trade at the European Commission and I am very much looking forward to working with him again. Mr. Lamy will bring a wealth of invaluable global experience to our distinguished Board."
Pascal Lamy added, "I look forward to working with the members of the Board to help uphold the values of integrity, independence and freedom from bias contained within Thomson Reuters Trust Principles."
The constitution of Thomson Reuters Corporation (the ultimate parent company of the Thomson Reuters Group) includes provisions to safeguard the Principles. Thomson Reuters has issued the Founders Share Company with a single Founders Share which enables it to block any shareholder action which threatens the Principles.