BPCE_REGISTRATION_DOCUMENT_2017
REPORT ON CORPORATE GOVERNANCE Corporate Governance Code
STATEMENT OF COMPLIANCE WITH AFEP-MEDEF CODE RECOMMENDATIONS (1) ➡ Board of Directors: governing body
2
Recommendations implemented Recommendations implemented
Board of Directorsand themarket
Separation of the offices ofChairmanof the Boardof Directorsand Chief ExecutiveOfficer
N/A
Board of Directorsand strategy
Recommendations implemented Recommendations implemented Recommendations implemented Recommendations implemented
Board of Directorsand Annual GeneralShareholders’Meeting
Composition ofthe Board of Directors:guidelines
Employee representation Minority shareholders
N/A
Recommendationspartly implemented(not followed regarding proportion of independent directorson the Board)
Independent directors
Evaluationof the Boardof Directors Board and Committee Meetings Directors’accessto information
Recommendations implemented Recommendations implemented Recommendations implemented Recommendations implemented
Trainingfor directors
Recommendationsnot implemented(six-year term,no staggeredterms and no ownership ofa material numberof shares)
Directors’terms of office
BoardCommittees
Recommendations implemented
Recommendationspartly implemented(not followed regarding proportion of independent directorson the committee) Recommendationspartly implemented(not followed regarding proportion of independent directorson the committee) Recommendationspartly implemented(not followed regarding proportion of independent directorson the committee)
Audit Committee
Committee responsible for selectionor appointments
Committee responsible for pay
Numberof terms for company directorsand directors
Recommendations implemented Recommendations implemented Recommendations implemented Recommendations implemented Recommendations implemented Recommendations implemented Recommendations implemented
Directorethics and compliance
Directorpay
Termination ofemploymentcontract for CorporateOffice
Companydirector pay
Transparency regarding company director pay
Implementationof recommendations
BPCE has implemented the provisions of the AFEP-MEDEF Code, adapting them to its Management Board/Supervisory Board governance model. (1)
33
Registration document 2017
Made with FlippingBook - professional solution for displaying marketing and sales documents online