Corporate governance

Audit Committee

Main role:

Subject to the functions of the Board of Directors, the Audit Committee reviews the annual and half-yearly financial statements, to ensure that the Company’s accounting methods are appropriate, permanent and reliable, and reviews the effective implementation of internal control and risk management procedures, to be familiar with the policies implemented within the Group in relation to sustainability and respect for the environment, and to listen to and question the Statutory Auditors. Each year it reviews the fees charged by the Company’s Statutory Auditors and assesses their independence. The Audit Committee also considers potential Statutory Auditors for appointment.

Composition:

Six Directors: Dominique D’Hinnin (independent Chair), Jean-Pierre Denis (Climate Change Lead), Rachel Duan (independent Director), the company Financière Pinault represented by Héloïse Temple-Boyer, Serge Weinberg (independent Director) and Véronique Weill (Lead Independent Director). 

Independent directors make up 67% of the Audit Committee.