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

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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)

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Registration document 2017