Specialist committees

To ensure the proper functioning of the Group, the Board of Directors relies on the opinions and recommendations of the specialist committees.

Strategic Committee

The major responsibility of the Strategic Committee is to prepare the strategic orientations which are then submitted for the approval of the Board of Directors

• Patrick Ricard
  

• François Gérard,
• Rafaël Gonzalez-Gallarza,
• Danièle Ricard.

Audit Committee

• ensuring the appropriateness and consistency of the accounting policies adopted for the preparation of the consolidated financial statements and the parent company financial statements and for the appropriate treatment of material transactions at Group level;
• analysing the options available when preparing the financial statements;
• examining the scope of consolidation and, where appropriate, the reasons why some companies may not be included;
• giving the Board of Directors its opinion on the renewal or appointment of the Statutory Auditors, the quality of their work and the amount of their fees and ensuring that the rules guaranteeing their independence are complied with;
• examining any matters of a fi nancial or accounting nature which are referred to it by the Board of Directors;
• examining material risks and off-balance sheet commitments.

Chairman:

• Didier Pineau-Valencienne, Independent Director
  

Members:

• François Gérard,
• Gérard Théry, Independent Director.

Remuneration Committee

• the modalities and amount of the Directors’ fees&
• the general policy for the allocation of stock purchase or subscription options to be granted by the Company

Chairman:

• Jean-Dominique Comolli, Independent Director
  

Members:

• Lord Douro, Independent Director,
• William H. Webb, Independent Director.

Appointments Committee

• to examine, on behalf of the Board of Directors, all arrangements allowing the selection of new Directors and regularly review the composition of the Board of Directors
• ensure the continuation of executive bodies by establishing a succession plan for Executive Officers and Directors;

Chairman:

• Jean-Dominique Comolli, Independent Director
  

Members:

• Lord Douro, Independent Director,
• Danièle Ricard.