The Board's internal rules stipulate that preparatory work for its
decisions in certain areas must be carried by specialized
committees composed of directors appointed by the Board; these
committees examine matters within their remit and submit their
opinions and proposals to the Board for approval. Three committees
have been created : the Audit committee, the Compensation committee
and the Nomination Committee.
- Composition and missions of the Audit Committee
- Composition and missions of the Compensation Committee
- Nomination Committee
Made up of 4 directors, Messrs Cicurel,
Folz, Ricard, and Vandevelde (two of which were independant)
and chaired by Mr Folz, the Compensation Committee:
- draws up and submits to the Board the criteria for determining the remuneration of the chief executive officers, including benefits in kind, insurance and pension benefits, as well as any compensation received from Group companies; it ensures these criteria are properly applied, in particular the rules governing performance-linked bonuses;
- advises the Board on the policy for awarding stock options, and formulates an opinion on the list of beneficiaries;
- is kept informed of the Group’s compensation policy, in particular that applicable to the chief executive officers.
- prepare the annual appraisals of chief executive officers and meets with the Group’s outside directors to discuss these appraisals;
- prepare Board decisions regarding employee savings schemes.
