Committees

The committees have the power to make recommendations to the Board of Directors. Their analyses facilitate the Board's decisions.

 

Practices and operation of committees

Mode of operation

The committees meet at least twice a year at the initiative of their Chairmen or at the request of the Chairman and CEO. Half of the members must be present for meetings to take place.
Each committee chairman sets the agenda for meetings of that committee. Minutes of the meeting are drafted after each session.

Practice and consultations

The committees may find it necessary to consult with the Group's management team. They may also delegate their missions to experts. The committees report on their work to the Board by way of verbal statement, opinions, proposals, recommendations or written reports. They have no power of decision.

Compensation of directors

The compensation of directors is proportional to their involvement in the different committees.
The directors receive a presence fixed fee of 10,000 euros per year.