MRM - 2020 Universal Registration Document

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Corporate governance

Report on corporate governance

1.3.2 Changes in the composition of the Board of directors, its committees and general management in 2020 At its meeting of 26 June 2020, the Board of directors decided to set up a Corporate Social Responsibility Committee (CSR Committee) whose main mission is to steer and coordinate the CSR approach of the Company as well as the management of the non-fnancial performance of its real estate portfolio (see Section 1.14 of this report). Brigitte Gauthier-Darcet and Jacques Blanchard have joined the CSR Committee as members, and Valérie Ohannessian serves as Chairperson of the Committee. At its meeting of 23 September 2020, the Board of directors took note of the decision of Jacques Blanchard to retire and resign from his duties as Chief Executive Offcer and member of the Strategic Committee as of 1 October 2020.

However, his terms of offce as director and member of the CSR Committee will continue until the end of the General Meeting to be held in 2023. During the same meeting, the Board of directors also: • appointed François Matray as Chief Executive Offcer of the Company from 1 October 2020 until the end of the Ordinary General Meeting to be held in 2024; • amended its internal regulations relating to the composition of the Strategic Committee so that it is now composed of at least two members chosen from among the directors and the Chief Executive Offcer; • noted that François Matray joined the Strategic Committee from 1 October 2020 and for the duration of his term as Chief Executive Offcer.

The table below summarises the changes in the composition of the Board of directors and its committees that occurred in the 2020 financial year:

Appointment

Resignation

CSR Committee

Jacques Blanchard Brigitte Gauthier-Darcet Valérie Ohannessian (06/26/2020)

Strategic Committee

François Matray (10/01/2020) François Matray (10/01/2020)

Jacques Blanchard (10/01/2020) Jacques Blanchard (10/01/2020)

Chief Executive Officer

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M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT