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
The Committee is composed of four directors : Anthony WYAND, Elisabeth LULIN, Elie COHEN and Gianemilio OSCULATI. The Committee is chaired by Anthony WYAND and is responsible for :
- reviewing the draft financial statements before they are submitted to the Board, notably with a view to verifying how they were prepared and ensuring the relevance and consistency of the accounting principles and methods applied;
- reviewing the choice of methods and rules used in the preparation of the consolidated accounts;
- reviewing the consistency of procedures put in place to ensure proper internal control of operations, risk management and compliance with the corporate ethical policy;
- managing the process for selecting the Statutory Auditors and providing the Board with an opinion on the appointment or renewal of the Statutory Auditors, as well as on their remuneration;
- ensuring that the Statutory Auditors remain independent and examining the work schedule of the Statutory Auditors;
- examining the Group’s internal audit schedule and the annual report on internal control drawn up in accordance with banking regulations, and formulating an opinion on the organization and functioning of the internal audit departments;
- examining follow-up letters sent by the French Banking Commission and issuing an opinion on draft responses.
