Econocom - 2020 annual report

05 management report

Description of internal control 5.3. and risk management procedures in the context of the preparation of the financial information Ownership structure and limits 5.4. on shareholder rights The composition and functioning 5.5. of the administrative bodies and Committees Composition of advisory bodies 5.6.

Management Report of the Board of Directors on the financial statements

112

129

Group’s financial position 1. and highlights

131

112 113 113 113 114 114 114 119

Changes in the scope for the year 1.1.

Principal investments 1.2. Financing transaction 1.3.

132 138

Research 1.4.

2020 Compensation report 5.7. 138 Appropriation of profit and dividend 5.8. policy 144 Relations with major shareholders 5.9. 144 Econocom group employee share 5.10. ownership 144 Statutory Auditor’s fees 5.11. 147 Treasury shares 5.12. 147 Subsequent events 6. 148

Profit for the year 2.

Income statement 2.1.

Statement of financial position 2.2. Parent company 2020 financial 2.3.

statements of Econocom group SE 123

Risk factors and disputes 3.

127

Outlook for 2021 and 4. shareholders’ compensation 127 Corporate governance statement 5. 128 Applicable Corporate Governance 5.1. Code 128 Exemptions from the 2020 Code 5.2. 128

111

2020 annual report