Specialised Committees

audit committee

The Audit Committee currently comprises 3 members.

The Committee’s mission is to monitor the preparation of the consolidated and parent company accounts, and the efficiency of internal and risk management systems. It is also informed of due diligence carried out by the Statutory Auditors in their legal assignment to audit the parent company and consolidated financial statements, ensures the latter’s’ independence and is involved in their selection.

The Audit Committee supervises the work of Internal Audit and approves the annual audit plan. It proposes, directs and ensures the follow-up of Internal Audit assignments.

Since its creation, it has met at each half-year and year-end balance sheet date.

During the 2012 financial year, the Audit Committee met on five occasions.

remuneration committee

The mission of the Remuneration Committee, which comprises 2 members, is to submit proposals to the Supervisory Board, in particular in respect of the amount and calculation of senior management remuneration and to provide advice on the amount of attendance fees.

At least once a year, the Committee calls on a firm specialised in the subject of senior executive remuneration, which provides advice on the practices that are generally applied in companies of a comparable size.

During the year just ended it met three times.