Groupama // Universal Registration Document 2022

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CORPORATE GOVERNANCE AND INTERNAL CONTROL Disclosures on Corporate Governance

3.1.6

MUTUAL INSURANCE ADVISORY BOARD

3.1.7

EXECUTIVE MANAGEMENT

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

In accordance with the provisions of the new bylaws of Groupama Assurances Mutuelles, a Mutual Insurance Advisory Board has been established, responsible for defining the general strategies of 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 members appointed by them from amongst the members of their Board of Directors) and one representative from each of the two mutuals of the overseas departments and the two member specialised mutuals (the Chairman of the Board of Directors).

3.1.7.1 Chief Executive Officer 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 September 2020, Thierry Martel has been assisted by five Deputy Managing Directors: Cyril Roux, in charge of finance, actuarial services, audit, and risk activities; Christian Cochennec, in charge of France damage and IT activities; Rémi Lorenzelli, in charge of strategy and partnerships, Human Resources, and the general secretariat; Jean ‑ François Garin, 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 three effective Managers: Thierry Martel, Christian Cochennec, and Cyril Roux.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES