CORPORATE GOVERNANCE 6 Report of the Supervisory Board on corporate governance (prepared pursuant to Article L. 226-10-1 of the French Commercial Code)
REPORT OF THE SUPERVISORY BOARD ON CORPORATE GOVERNANCE (PREPARED PURSUANT TO ARTICLE L. 226-10-1 OF THE FRENCH COMMERCIAL CODE)
The Supervisory Board is pleased to present its report on corporate governance attached to the management report and prepared in accordance with Article L. 226-10-1 of the French Commercial Code. In drafting this report, the Supervisory Board drew on: • information and documents obtained from the Accounts and Risk Monitoring Committee and the Compensation and Appointments Committee; • discussions with Rubis’ Top Management and its Finance, Legal, Consolidation and Accounting Departments; • assistance from Rubis’ Secretary to the Board.
6.1 THE AFEP-MEDEF CODE
more advisable for this recommendation to be applied to the Accounts and Risk Monitoring Committee, as described below in section 184.108.40.206; • r e c omme nda t i on 16 . 2 . 2 : t he Compensation and Appointments Committee is not involved in the preparation of a succession plan for executive officers insofar as this task falls solely to the General Partners in Partnerships Limited by Shares (section 220.127.116.11).
in 2017 in this Registration Document. The recommendations in question are the following: • recommendation 10.3 : meetings of the Supervisory Board are not organized outsidethepresenceoftheTopManagers; theCompany considered that in viewof its legal form (Partnership Limited by Shares) and the tasks assigned to the Supervisory Board, whichdiffer significantly fromthose of the Board of Directors of a public limited company ( société anonyme ), it was
The French corporate governance Code to which the Company refers is the Afep-Medef Code, revised in November 2016. The Company has always endeavored to fully adhere to the recommendations of the Afep- Medef Code, within the limits of the features specific to its statute as a Partnership Limited by Shares and its own by-law provisions. The Company explains the reasons why certain recommendations were not followed in full or could not be followed
2017 Registration Document I RUBIS 118
Made with FlippingBook - professional solution for displaying marketing and sales documents online