committees

Audit Committee

The Audit Committee informs the Board on the identification, evaluation and handling of the main risks to which the Group is exposed. In particular, it ensures the suitability of the methods used for drawing up the accounts, advises and makes recommendations to the Board as relevant, and participates in the appointment of statutory auditors. It met 4 times in 2011 with an attendance rate of 93,75 %.

4 members:

• Philippe Lenain, Chairman,
• Norbert Dentressangle,
• Hubert Fèvre representing FÉDÉRACTIVE
• Jérôme Wittlin representing VENELLE INVESTISSEMENT.

The Chairman of the committee is an independent director and has a deciding vote in the event of a split vote.

The committee reports on its work to the Board of Directors and makes recommendations on the composition of the Board, on the terms of office of directors, and on the Group’s organization and structures; it also makes proposals to the Board concerning the executive officer remuneration policy, as well as the introduction of stock option plans and performance shares and their applicable terms and conditions.

The Nominations and Remuneration Committee met on 3 occasions in 2011, with a 100% attendance rate.

4 members: 

• Jean-Noël Labroue, Chairman,
• Philippe Lenain,
• Pascal Girardot representing FÉDÉRACTIVE
• and Olivier Roclore representing VENELLE INVESTISSEMENT.