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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