Corporate governance

财务

Corporate governance

Governance defines how a company is organized, managed, and monitored. The main governing bodies are the Board of Directors, which determines strategic priorities, and the Executive Committee, which implements the Group’s strategy.

Board of Directors

The Board of Directors defines the Group’s strategies and sees that they are implemented.

BOARD'S COMMITTEES

Audit Committee

Main role:

Subject to the functions of the Board of Directors, the Audit Committee reviews the annual and half-yearly financial statements, to ensure that the Company’s accounting methods are appropriate, permanent and reliable, and reviews the effective implementation of internal control and risk management procedures, to be familiar with the policies implemented within the Group in relation to sustainability and respect for the environment, and to listen to and question the Statutory Auditors. Each year it reviews the fees charged by the Company’s Statutory Auditors and assesses their independence. The Audit Committee also considers potential Statutory Auditors for appointment.

Composition:

Six Directors: Dominique D’Hinnin (independent Chair), Jean-Pierre Denis (Climate Change Lead), Rachel Duan (independent Director), the company Financière Pinault represented by Héloïse Temple-Boyer, Serge Weinberg (independent Director) and Véronique Weill (Lead Independent Director).

Independent directors make up 67% of the Audit Committee.