Specialised Committees of the Board of Directors

The Audit and Risk Committee assists the Board of Directors in the conduct of its missions as regards the adoption of annual parent company’s and consolidated financial statements and the preparation of information for shareholders and the market. It monitors the efficiency of internal control and risk management systems. It is also charged with monitoring issues relating to the establishment and control of accounting and financial information and those relating to the completion of the statutory audit assignment by the Statutory Auditors. It ensures the independence of the latter and intervenes in their selection procedure.

The Audit and Risk Committee comprises three independent members: Vincent Léonard, Committee Chairman, Paule Cellard, and Bertrand Parmentier.

The Appointment and Remuneration Committee is tasked with making recommendations concerning the composition of the Board of Directors and of its specialised Committees and the method of exercising General Management of the company and its composition. It is also responsible for periodically assessing the operation of the Board and the succession plans, and to give its opinion on the components of the remuneration of corporate officers and on the company’s compliance with its obligations in terms of transparency of remuneration.

The Appointment and Remuneration Committee comprises three members: Bertrand Parmentier, Committee Chairman (independent), Paule Cellard (independent) and Jean Guillaume Despature.

The Strategy Committee helps the Board of Directors define major strategic guidelines for the Group, in particular in the area of digitalisation. It examines major technological choices, the draft annual budget and all significant planned investments, partnerships, acquisitions or disposals.

The Strategy Committee comprises five members: Jean Guillaume Despature, Committee Chairman, Sophie Desormière (independent), Grégoire Ferré (independent), Bertrand Parmentier (independent) and Anthony Stahl.

The Sustainable Development Committee is in charge of reviewing Sustainable Development and Social Responsibility matters, in particular in terms of strategic directions, risks, action plans and objectives, results and communication, as part of an ongoing improvement drive.

The Sustainable Development Committee comprises four members: Florence Noblot, Committee Chair (independent), Marie Bavarel-Despature, Jean Guillaume Despature, and Vincent Léonard (independent).