Socapalm (Société Camerounaise de Palmeraies) is a public limited Company legally registered under Cameroonian law, with a Board of Directors and share capital of 45 757 890 000 FCFA. Its head office is located at Tillo, Douala-Nkongsamba highway and its directorate general at Douala, Rue de la Motte Piquet Bonanjo, P.O. box 691 Douala, telephone (237) 333 43 87 28 – 333 43 77 83. Fax 333 43 87 34. Socfinaf detains 67.46% of the share capital. The shares are listed on the Douala Stock Exchange.
As a corporate citizen, Socapalm aspires to adhere to the highest standards of good governance. The Board of Directors is chaired by Mr. Michel NOULOUWE and comprises nine members, of which four are legal persons.
The Board of Directors’ mission is to define the main direction of Socapalm’s activities. The board is equally attentive to the shareholders’ interests and its deliberations are guided by the shareholders’ recommendations.
Socapalm is lead by a General Manager who is mandated by the Board of Directors and represents the Company with third parties. He presides over the management committee, which is composed of the Plantations Directors and senior management staff. This committee meets on a regular basis.
The current General Manager, Mr. Dominique CORNET, assumed his functions on June 22, 2016. His extensive experience within Socapalm, combined with his international profile and perfect knowledge of the Cameroonian market, as well as his team building capacities, inject new dynamism in the Company.