Aéroports de Paris - 2019 Universal registration document
OPERATIONS WITH RELATED PARTIES
ADMINISTRATION AND EXECUTIVE MANAGEMENT BODIES
PROFIT FORECASTS
COMPENSATION AND BENEFITS OF CORPORATE OFFICERS
FUNCTIONING OF THE BOARD OF DIRECTORS AND MANAGEMENT BODIES
SOCIAL, ENVIRONMENTAL AND SOCIETAL RESPONSIBILITY INFORMATION
MAIN SHAREHOLDERS
FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2019
ADDITIONAL INFORMATION ON THE SHARE CAPITAL AND PROVISIONS OF THE ARTICLES OF ASSOCIATION
MATERIAL CONTRACTS
12.2 EXECUTIVE MANAGEMENT AFR
responsiveness necessary to administer and manage the Company following good corporate-governance practices. Pursuant to article 14 of the Company’s Articles of Association, the Board of Directors may, upon proposal by the Chairman and Chief Executive Officer, appoint up to five chief operating officers in charge of assisting the Chairman and Chief Executive Officer. At the request of the Board of Directors, the Compensation, Appointments and Governance Committee ensured that business continuity measures have been implemented for the Company. The measures are based on the provisions of article 21 of Order No. 2014-948 of 20 August 2014 on governance in the event of that the position of Chairman and CEO becomes vacant and on the delegations of the Chairman and CEO granted to the members of the Executive Committee. The Chairman and CEO must not hold more than two other director mandates in listed companies outside of the group, including foreign companies. In addition, the prior opinion of the Board is required before he can accept a new corporate mandate in a listed company. The offices held in companies by the Chairman and CEO are detailed in the Report on Corporate Governance, in Appendix 2 of this Universal Registration Document, in the section on Governance.
Augustin de Romanet’s mandate as Chairman and CEO of Aéroports de Paris since 29 November 2012, was renewed by the decree of 29 May 2019. Article 14 of the Articles of Association of Aéroports de Paris states that the Chairman of the Board of Directors is also responsible for the executive management of the Company. His title is Chairman and CEO. He is appointed by decree from among the directors on proposal by the Board of Directors. Shareholders in Aéroports de Paris consider that in a changing environment, combining the functions improves the coordination between strategy and operational action. The Board of Directors confirmed this choice by proposing that the General Meeting of Shareholders of 11 May 2017 include it in the Company’s Articles of Association. As part of the external assessment of the Board of Directors, established in 2019, the Board members considered that the combination of the positions of Chairman and CEO is suited to the Company’s context as there is a real balance of power. The limitations on the powers of the Chief Executive Officer decided by the Board of Directors ensure an equilibrium between the Executive Officer and the Board of Directors, while retaining the flexibility and
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12.3 PERSONAL INFORMATION CONCERNING MEMBERS OF THE BOARD OF DIRECTORS
The 2019 information is available in the Report on Corporate Governance, in Appendix 2 of this Universal Registration Document.
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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019
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