PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

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CORPORATE GOVERNANCE AND INTERNAL CONTROL

This section presents the report of the Board of Directors on corporate governance as required by article L. 225-37 of the French Commercial Code. It describes, in the context of the preparation of the financial statements for FY18, the conditions governing the preparation and organisation of the work performed by the Board of Directors and its Committees, the powers entrusted to the Chairman & CEO, the principles and rules used to determine compensation and other benefits granted to the Executive Directors, the components of the compensation due or granted to the corporate officers, the compensation policy items applicable to the Chairman & CEO in accordance with article L. 225-37-2 of the French Commercial Code, as well as other information requested by articles L. 225-37 et seq. of the French Commercial Code. This report was prepared on the basis of the work carried out by several different Departments of the Company, in particular the Legal Department, the Group Internal Audit Department and the Human Resources Department. This report was approved by the Board of Directors held on 28 August 2018, following the examination by the Board’s Committees of each section relating to their area of competence and was shared with the Statutory Auditors.

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PERNOD RICARD REGISTRATION DOCUMENT 2017/2018