Board of Directors

Representative of all the shareholders, the Board of Directors determines Group strategy and makes decisions about Group management structures and
takeovers. It also carries out any audits or verifications, as appropriate.

The Board of Directors comprises 15 members elected for four years, with terms of office renewed on a rotating basis. Four of these are independent Directors, in compliance with AFEP-MEDEF corporate governance rules.

It operates specialist sub-committees to assist it in specific areas. Each committee reports to the Board on the results of its studies and preparatory work in its
specialist area.