REPORT OF THE BOARD OF DIRECTORS SUBMITTED TO THE COMBINED GENERAL SHAREHOLDERS’ MEETING OF MAY 28, 2021 OF MAY 28, 2021 AND DRAFT RESOLUTIONS
4;460C4B C> C74 >0A3 >5 8A42C>AB F8C7 C74 >?C8>= >5 BD134;460C8>= D=34A C74 2>=38C8>=B B4C 1H ;0F 8CB 0DC7>A8CH C> 342834 >= C74 8BBD4 >5 B70A4B C> 14 8BBD43 1H C74 >;;>F8=6 C74 8BBD4 1H 2>A 8=38A42C;H 7>;3B <>A4 C70= 70;5 >5 C74 B70A4 20?8C0; 8= B42DA8C84B 68E8=6 0224BB C> B70A4B C> 14 8BBD43 1H C74 >A8I0C8>= 4=C08;B 5>A 7>;34AB >5 B42DA8C84B F7827 <0H 14 8BBD43 1H C74 2>D? C74 F08E4A 1H B70A47>;34AB >5 C748A ?A454A4=C80; BD1B2A8?C8>= A867C C> BD1B2A814 0=H > C74 >0A3 >5 8A42C>AB F8C7 C74 >?C8>= >5 BD134;460C8>= D=34A C74 2>=38C8>=B ;083 3>F= 1H ;0F 8CB 0DC7>A8CH C> 342834 >= C74 8BBD0=24 8 >5 B42DA8C84B 68E8=6 0224BB C> 4@D8CH B42DA8C84B C> 14 8BBD43 1H 0 2>F=B 38A42C;H >A 8=38A42C;H <>A4 C70= 70;5 >5 C74 B70A4 20?8C0; 0=3 >A 88 B70A4B >5 0 C78A3 ?0ACH 2> 4G8BC8=6 4@D8CH B42DA8C84B >A 68E8=6 4=C8C;4<4=C C> C74 0;;>20C8>= >5 341C B42DA8C84B 42834B C> B4C C74 5>;;>F8=6 ;8<8CB 5>A C74 0<>D=CB >5 20?8C0; 8=2A40B4B 0DC7>A8I43 8= C74 4E4=C >5 DB4 1H C74 >0A3 >5 8A42C>AB >5 C78B 34;460C8>= C74 <0G8<8=0; 0<>D=C >5 20?8C0; 8=2A40B4B C70C V <0H 14 20AA843 >DC 8<<4380C4;H >A 8= C74 5DCDA4 D=34A C78B 34;460C8>= 8B B4C 0C 58E4 7D=3A43 <8;;8>= <8;;8>= 4DA>B 8C 148=6 B?4285843 C70C C74 <0G8D=C >5 20?8C0; 8=2A40B4B 20AA843 >DC >A ;8:4;H C> 14 A40;8I43 8= C74 5DCDA4 D=34A C78B 34;460C8>= F8;; 14 343D2C43 5A>< C74 0<>D=C >5 C74 >E4A0;; 20? ?A>E8343 5>A 8= ?0A06A0?7 >5 C74
BC A4B>;DC8>= BD1<8CC43 C> C78B <44C8=6 >A 0B C74 20B4 <0H 14 >= C74 0<>D=C >5 C74 >E4A0;; 20? C70C <0H 14 ?A>E8343 5>A 1H 0 A4B>;DC8>= >5 C74 B0<4 =0CDA4 C70C 2>D;3 BD22443 B083 A4B>;DC8>= 3DA8=6 C74 ?4A8>3 >5 E0;838CH >5 C78B 34;460C8>= C74 >E4A0;; <0G8<8=0; 0<>D=C >5 20?8C0; 8=2A40B4B V C70C <0H 14 20AA843 >DC 8<<4380C4;H >A 8= C74 5DCDA4 D=34A C78B 34;460C8>= 0=3 C7>B4 6A0=C43 D=34A C74 A3 0=3 C7 A4B>;DC8>=B 0=3 BD1<8CC43 C> C78B <44C8=6 8B B4C 0C 58E4 7D=3A43 <8;;8>= Q <8;;8>= C> C74B4 248;8=6B F8;; 14 03343 F74A4 0??;8201;4 C74 V =><8=0; 0<>D=C >5 B70A4B C> 14 8BBD43 8= C74 4E4=C >5 =4F 58=0=280; CA0=B02C8>=B C> ?A4B4AE4 C74 A867CB >5 C74 7>;34AB >5 B42DA8C84B 68E8=6 0224BB C> C74 B70A4 20?8C0; (4CB 0C CF4=CH B8G <>=C7B 0B 5A>< C74 30C4 >5 C78B <44C8=6 C74 ?4A8>3 >5 E0;838CH >5 C74 34;460C8>= >5 0DC7>A8CH 2>E4A43 1H C78B A4B>;DC8>=
'4B>;E4B C> F08E4 B70A47>;34ABN ?A454A4=C80; BD1B2A8?C8>= A867CB C> C74 B70A4B 0=3 B42DA8C84B 2>E4A43 1H C78B A4B>;DC8>= ;40E8=6 8C C> C74 >0A3 >5 8A42C>AB ?DABD0=C C> AC82;4 "
>5 C74 A4=27 ><<4A280; >34 5>A 0 ?4A8>3 0=3 8= 022>A30=24 F8C7 C74 C4A=38C8>=B C70C 8C B70;; ;0H 3>F= 8= 022>A30=24 F8C7 C74 0??;8201;4 ;460; 0=3 A46D;0C>AH ?A>E8B8>=B 0=3 5>A 0;; >A ?0AC >5 0= 8BBD4 20AA843 >DC 0 BD1B2A8?C8>= ?A8>A8CH ?4A8>3 C70C 3>4B =>C 68E4 A8B4 C> 0 BD1B2A8?C8>= ?4A8>3 C> C74 2A40C8>= >5 =46>C801;4 A867CB F7827 ?>AC8>= C> C74 =D<14A >5 B70A4B 74;3 1H 4027 B70A47>;34A 0=3 <0H 14 BD??;4<4=C43 1H 0 BD1B2A8?C8>= >= 0 A43D281;4 10B8B 8C 148=6 B?4285843 C70C B42DA8C84B =>C BD1B2A8143 8= C78B F0H <0H 14 C74 BD1942C >5 ?D1;82 8=E4BC<4=C 8= A0=24 >A 01A>03 2:=>F;4364B C70C 85 C74 BD1B2A8?C8>=B 8=2;D38=6 F74A4 0??;8201;4 C7>B4 >5 C74 B70A47>;34AB 70E4 =>C 01B>A143 C74 4=C8A4 8BBD4 C74 >0A3 <0H ;8<8C C74 0<>D=C >5 C74 CA0=B02C8>= C> C74 0<>D=C >5 BD1B2A8?C8>=B A4248E43 D=34A C74 2>=38C8>= C70C 8C A40274B 0C ;40BC C7A44 @D0AC4AB >5 C74 3428343 8BBD4 2:=>F;4364B C70C C78B 34;460C8>= 0DC><0C820;;H 4=C08;B 8= 50E>A >5 C74 7>;34AB >5 C74 B42DA8C84B 8BBD43 68E8=6 0224BB C> C74 B70A4B C> 14 8BBD43 1H C74 >;34AB >5 C748A ?A454A4=C80; BD1B2A8?C8>= A867CB C> C74 B70A4B C> F7827 C74B4 B42DA8C84B 4=C8C;4 C74< 42834B C70C C74 >0A3 >5 8A42C>AB <0H =>C F8C7>DC ?A8>A 0DC7>A8I0C8>= 1H C74 4=4A0; (70A47>;34ABN #44C8=6 <0:4 DB4 >5 C78B 34;460C8>= >5 0DC7>A8CH 0B 5A>< C74 58;8=6 1H 0 C78A3 ?0ACH >5 0 ?D1;82 >554A 5>A C74 >5 C74 >554A ?4A8>3 $>C4B C70C 8= 022>A30=24 F8C7 AC82;4 "
>5 C74 A4=27 ><<4A280; >34 C74 ?A824 >5 38A42C;H 8BBD43 B70A4B B70;; 14 0C ;40BC 4@D0; V C> C74 <8=8E8343 5>A 1H C74 A46D;0C>AH ?A>E8B8>=B 0??;8201;4 >= C74 8BBD4 30C4 8
4
C74 0E4A064 F4867C43 B70A4 ?A824 5>A C74 ;0BC C7A44 CA038=6 30HB ?A8>A C> C74 BC0AC >5 C74 ?D1;82 >554A8=6 0B 3458=43 8= '46D;0C8>= * >5 !D=4
;4BB
05C4A C78B 0E4A064 70B 144= 039DBC43 8= C74 20B4 >5 0 38554A4=24 14CF44= 4=C8C;4<4=C 30C4B F74A4 0??;8201;4 C74 8BBD4 ?A824 >5 C74 B42DA8C84B 68E8=6 0224BB C> B70A4B C> V 14 8BBD43 1H C74 >5 B70A4B C> F7827 2>=E4AB8>= A434= >A <>A4 64=4A0;;H CA0=B5>A<0C8>= >5 4027 B42DA8CH 68E8=6 0224BB C> B70A4B C> 14 8BBD43 1H C74 >D;3 68E4 4=C8C;4<4=C B70;; 14 BD27 C70C C74 0<>D=C A4248E43 8<<4380C4;H 1H C74 >D=C 8C 8B ;8:4;H C> A4248E4 BD1B4@D4=C;H 5>A 4027 B70A4 8BBD43 0B 0 A4BD;C >5 C74 8BBD4 >5 C74B4 B42DA8C84B B70;; 14 0C ;40BC 4@D0; C> C74 <8=8= ?A824 0B 3458=43 8= C74 ?A4E8>DB ?0A06A0?7
RESOLUTIONS
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NATIXIS MEETING NOTICE 2021