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2016 ACTIVITY AND SUSTAINABLE DEVELOPMENT REPORT

THE BOARD OF DIRECTORS AND ITS COMMITTEES

The Board of Directors comprises ten members. To help it fulfill its duties and facilitate its decisions, the Board of Directors relies on the opinions, proposals and recommendations of two specialized Committees whose members and attributions are set by the Board.

THE COMMITTEES MAIN RESPONSIBILITIES

Audit and Risk Committee Evaluates the accuracy and integrity of the corporate and consolidated accounts. Makes recommendations in the areas of finance, accounting and internal control.

Nomination and Compensation Committee Proposes the nomination, revocation, dismissal and renewal of the Directors, Board of Directors Chairman and CEO, and ensures Directors comply with independence criteria.

Makes recommendations and advises on the Board of Directors Chairman s compensation and on the policy for the allotment of stock options and free shares.

Composition

Ian Meakins* Chairman of the Board of Directors

François Henrot* Deputy Chairman of the Board of Directors, Senior Independent Director, Chairman of the Nomination and Compensation Committee

Fritz Fröhlich* Chairman of the Audit and Risk Committee

Marcus Alexanderson Patrick Berard Thomas Farrell* Elen Phillips* Maria Richter* Agnès Touraine* Herna Verhagen*

*Independent members

To ensure its efficient functioning and promote a best-in-class governance, a Secretary of the Board of Directors assists the Board in its missions :

Sébastien Thierry Secretary of the Board of Directors and General Secretary