GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

3 CORPORATE GOVERNANCE AND INTERNAL CONTROL Disclosures on Corporate Governance

MUTUAL INSURANCE ADVISORY BOARD

3.1.5

3.1.6

EXECUTIVE MANAGEMENT

The Chief Executive Officer is responsible for the Company’s Executive Management.

In accordancewith the provisionsof the new bylaws of Groupama Assurances Mutuelles, a Mutual Insurance Advisory Board has been established,responsiblefor defining the general strategiesof the mutual insurance Group and overseeing their implementation. Composed of 49 members, this committee brings together five representatives from each of the nine member metropolitan regional mutuals (the Chairman of their Board of Directors as well as four membersappointedby them from among the membersof their Board of Directors) and one representativefrom each of the two mutuals of the overseas departments and the two member specialised mutuals (the Chairman of the Board of Directors).

Chief Executive Officer 3.1.6.1 Thierry Martel, the Chief Executive Officer, is vested with the broadest powers to act on behalf of the Company under any and all circumstances.He exercises his authority within the limit of the corporate purpose and subject to the authority expressly granted to General Meetings and the Board of Directors and within the limits set by the bylaws and the Board of Directors (see section 3.1.1.6). Since 1 September2020, Thierry Martel has been assisted by five Deputy Managing Directors: Cyril Roux, in charge of finance, actuarial services,audit, and risk activities;ChristianCochennec,in charge of France damage and IT activities; Rémi Lorenzelli, in charge of strategy and partnerships, human resources, and the general secretariat;Jean-FrançoisGarin, in charge of life insurance businesses; and Olivier Péqueux, in charge of international businesses. Pursuant to the provisions of the French Insurance Code, Groupama Assurances Mutuelles has two effective Managers: Christian Cochennec and Cyril Roux.

53 Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES