Econocom - 2020 annual report

02 group overview

corporate governance

When a Director or an Executive Committee member, directly or indirectly, has an interest that is contrary to a decision or transaction made by Econocom, bearing on personal assets or not, he or she shall immediately inform the Chairman of the Board, and, if he or she is a Director, the other Directors, and if he or she is a member of the Executive Committee, the other members of said Committee, no later than the beginning of the meeting at which the matter giving rise to the conflict is discussed. He or she shall then not take part in the discussion or vote on the matter. The Chairman shall then decide whether it is appropriate to make a report to the Board. The transactions covered by this section are submitted to the Audit Committee, whose task is to ensure that said transactions comply with the procedures outlined above or, where applicable, that they are normal transactions conducted under normal market conditions and guarantees generally applied to transactions of a similar nature. The Audit Committeefound that almost all of agreements reached during the 2020 financial year were normal transactions conducted undernormalmarket conditions. All material agreementsbetween Econocom group and its related parties are disclosed in note 22, “Related party information”, to the consolidatedfinancialstatementsin the 2020 annualreport. Biographies 5.3. of Directors EconocomInternationalBV is controlledand represented by Jean-Louis Bouchard. He began his career in 1966 as an Account Manager at IBM, spending two years at IBM World Trade in New York. Between 1971 and 1981, he created and served as Chairmanand Chief ExecutiveOfficer of InformatiquesInter Écoles. In 1973, he founded Europe Computer Systèmes (ECS), where he served

as Chairmanuntil he sold his non-controlling interest to Société Générale in 1984. In 1982, he founded Econocom in Brussels, and in 1985 became Chairman of the Management Board of EconocomInternational NV.In 1987, he was named “Entrepreneurof the year” by Challenges magazine. Robert Bouchard began his career with Cardif in 1995 as negotiatingclerk for MATIF on the Paris stock exchange. In 1997, he became an executive shareholder of a number of restaurants in Paris (La Gare, L’Ampère,Meating and Carmine). In 2010, he took over as Chairman of APL Data Centre (specialising in the design, implementation and operation of data centres), and is currently its majority shareholder. He was Chairman of Digital Dimension from November 2016 to November 2017, Group Chief Operating Officer from June 2017 to March 2018, and Group Chief Executive Officer from March 2018 to November 2018. Robert Bouchard is Jean-Louis Bouchard’s son. Walter Butler , who has Frenchand Brazilian citizenship, is a graduate of the École Nationale d’Administration (ENA). He began his career with the Inspectorate General of the French Ministry of Finance before going on to become Executive VP of Goldman Sachs in New York. He founded Butler Capital Partners (BCP) in 1991. His group currently specialises in private equity and credit in Europe (Butler Investment Managers in London), as well as investing in companies, including Osiatis. Walter Butler was formerly Chairman of the French private equity and venture capital association ( Association Française des Investisseurs en Capital – AFIC), a member of the French Strategic Investment Fund Committee ( Comité du Fonds Stratégique d’Investissement – FSI) and France’s National Economic Analysis Council ( Conseil d’Analyse Économique de la République Française ).

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2020 annual report