BPCE - 2019 Universal Registration Document
REPORT ON CORPORATE GOVERNANCE
CORPORATE GOVERNANCE CODE
STATEMENT OF NON-COMPLIANCE WITH THE AFEP-MEDEF CODE (1)
Independent directors Directors’ terms of office
Recommendations partly implemented (not followed regarding proportion of independent directors on the board)
Recommendations partly implemented (not followed regarding the six-year term)
Audit Committee
Recommendations partly implemented (not followed regarding proportion of independent directors on the committee) Recommendations partly implemented (not followed regarding proportion of independent directors on the committee) Recommendations partly implemented (not followed regarding proportion of independent directors on the committee)
Committee responsible for appointments
Committee responsible for pay
Shareholding obligation of company directors Recommendations not implemented Transparency regarding company director pay Recommendations partly implemented (not followed regarding the publication of the CEO pay ratio)
3
(1) BPCE has implemented the provisions of the AFEP-MEDEF Code, adapting them to its Management Board/Supervisory Board governance model.
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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE
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