NATIXIS - 2018 Registration document and annual financial report

2 CORPORATE GOVERNANCE

Management and oversight of corporate governance

– Work of the Audit Committee in 2018 C The Audit Committee met five times in fiscal year 2018. The attendance rate was 88% for the year as a whole. Each director's individual attendance rate for Audit Committee Meetings is provided in Section 2.2 of this chapter (see directors’ individual fact sheets) . Within a reasonable amount of time before a Committee meeting, a digital file containing the items on the agenda is sent to each director via the secure DiliTrust electronic platform for review and analysis in preparation for the meeting. For each matter submitted for review and analysis, the Audit Committee had the opportunity to hear from relevant Natixis personnel as well as to familiarize itself with reports on these matters. The Audit Committee monitored the statutory audit of Natixis’ yearly, half-yearly and quarterly parent company and consolidated financial statements, as well as its draft budgets, before they were presented to Natixis’ Board of Directors. Depending on the agenda, various Audit Committee meetings were also attended by Natixis' Chief Financial and Strategy Officer (replaced by the Chief Financial Officer after August 6, 2018), the Chief Risk Officer, the Head of Accounting and Ratios, the Natixis Head of Internal Audit, the BPCE Head of Inspection Générale and/or the Corporate Secretary. In order to enable it to audit the financial statements, the Audit Committee is sent a copy of the reports of the Finance Department and the comments of the Statutory Auditors regarding annual financial statements and the review of the half-year and quarterly financial statements.

The Company’s CEO provides the Audit Committee with any documents and information it needs to perform its duties. The following list is not exhaustive: parent and consolidated financial, accounting, and regulatory a documents prepared periodically by the Company; summary reports by the Company’s Statutory Auditors; a any audit reports concerning the Company; a accounting policies and methods applied within the Company; a consolidated budgets, as well as any related documents a provided to the Board of Directors or, if applicable, the Audit Committee of the principal subsidiaries. The Audit Committee may submit to the Board of Directors any proposals to conduct an audit, especially concerning the financial statements of the Company and its subsidiaries. The Committee may also, if it deems it appropriate, call on the skills of outside experts or consultants for the purpose of explaining any topic that falls under its remit. The Audit Committee meets at least once a quarter. Minutes of the Audit Committee Meetings are prepared by the secretary of the Board of Directors. These minutes are shared with the Audit Committee members and approved at the following session. The Board of Directors is made aware of the Audit Committee’s work so that it can make fully informed decisions.

In 2018, the Audit Committee’s duties focused on the following items in particular:

Financial position

Review of the quarterly, half-yearly and annual parent company and consolidated financial statements a Review of 2019 budget a Statutory Auditors’ assignment a Review of the results of the sharing arrangements for the US affiliates of Natixis Investment Managers a and DNCA Progress made on the project to implement IFRS 16 and 17 a Statutory Auditors’ audit plan for 2018, budget allocated for audits, and follow-up on a completed/ongoing audits Information on prior authorizations given by the leader of the Audit Committee for the completion of a the Statutory Auditors’ services Presentation of the 2018 reports by the Statutory Auditors a Follow-up on Statutory Auditors’ fees for 2018 (certification and other assignments) a

Other items

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Natixis Registration Document 2018

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