BIC - 2019 Universal Registration Document

GOVERNANCE

BIC’s governance is organized to guarantee the proper functioning of the Group and to respect its values.

AUDIT COMMITTEE

Missions: - Determines the Group’s strategy - Defines objectives and boundaries - Provides direction and a set of expectations and guidelines to the CEO - Monitors the company’s performance

BOARD OF DIRECTORS

REMUNERATION COMMITTEE

NOMINATION, GOVERNANCE AND CSR COMMITTEE

CEO

Missions: - Implements BIC’s strategy - Defines the Group’s long-term ambitions

EXECUTIVE COMMITTEE

BOARD OF DIRECTORS

94%

11

50%

50%

3

7

Directors

Independents*

Women*

Nationalities

Meetings in 2019 Rate of attendance

*In accordance with the AFEP-MEDEF Code, Directors who represent the employees are not taken into account when assessing the ratio of Independent Directors. Furthermore, in accordance with the law, the Directors who represent the employees are not included when assessing the percentage of women on the Board–data subject to the approval of the resolutions by the Annual General Meeting on May 20, 2020.

SHAREHOLDING STRUCTURE

Public 54%

Bich family (Voting rights: 61%) 45%

1%

Treasury shares

As of December 31, 2019, the total number of issued shares of SOCIETE BIC was 45,532,240 shares, representing: 67 035 094 voting rights.

11

• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •