Econocom - 2020 annual report

05 management report

corporate governance statement

At its meeting of 22 November 2012, the Board of Directors also adopted a procedure governing transactions or other contractual relationshipsbetween Econocomgroup and the Directors and members of the Executive Committeewhen such transactions or other contractual relationships are not covered by the provisions of article 7:96 ofthe CSA. Article 7:97 of the CSA were not applied in 2020, nor was the Group’s conflict of interest procedure. IMPLEMENTATION 5.5.6. OF THE DIVERSITY PROJECT Econocom’s commitments, objectives and actions in respect of diversity, as well as the results of this policy, are described in paragraph 1.1.4 of chapter 3, “Corporate Social Responsibility”. They mainly concern gender equality and support for people from disadvantaged backgrounds and people with disabilities. Since 23 November 2017, one-third of the members of Econocom group’s Board of Directorshave been women, pursuant to the conditions set out in article 7, section 86 of the CSA. At 31 December 2020, the Board had three women members: Véronique di Benedetto, Adeline Challon-Kemoun, and Marie-Christine Levet. Women also sit on each of the various Committees created by the Board of Directors, namely the Executive Committee (Chantal De Vrieze), the Audit Committee (Marie-Christine Levet) and the CompensationCommittee (Anne Lange and Adeline Challon Kemoun).

Econocom’s policy in favour of people from disadvantaged backgrounds is deemed * not to be designed for the Group’s senior staff. Despite having made particular efforts in this regard, Econocom has not yet hired a senior managerwith a disability.

Composition 5.6. of advisory bodies Econocom group’s Statutory

Auditor

is PricewaterhouseCoopers

Réviseurs

d’Entreprises Garden, Woluwedal, 18 1932 Saint Stevens Woluwe [Belgium]). Its term was renewed at the May 2019 General Meeting and expires at the May 2021 General Meeting, earlier than expected due to the mandatory rules applicable tochangesin audit firms. Econocom group’s Statutory Auditor is represented by Alexis Van Bavel, Company auditor. 2020 Compensation 5.7. report This report was drawn up in accordancewith article 3:6, §3 of the CSA. Its purpose is to describe and provide a completeoverviewof the compensation granted to the Directors (Executive and Non-Executive) and to the members of the Executive Committee of Econocom group during the financial year covered bysaid report. SRL (Woluwe

Before amortisation of intangible acquisition assets. *

138

2020 annual report