EURONEXT_Registration_Document_2017

2

CORPORATE GOVERNANCE

Management & Control Structure

2.2 Management & Control Structure

Enterprise risk management and Internal Control Objectives

Governance Structure and related responsibilities for ERM process are as follows:  the Supervisory Board , through the Audit Committee, supervises the effectiveness of the ERM system, including management actions to mitigate the risks inherent in the Group’s business activities;  the Group’s Chief Executive Officer (“CEO”), backed by the Managing Board and supported by the Chief Financial Officer (“CFO”) and the Chief Risk Officer (“CRO”), is responsible for an effective ERM system;  the Group’s CRO has primary responsibility for the ERM strategy, priorities, process design, culture development and related tools; the risk management organisation is structured cross-division, networked with risk owners on different organisation levels and drives a proactive risk management culture;  the Group’s CFO has primary responsibility for the controls over financial reporting and regulatory capital requirements;  the senior management of the Company assume responsibility for the operation andmonitoring of the ERM system in their respective areas of responsibility, including appropriate responses to reduce probability and impact of risk exposures and increase probability and impact of opportunities.

The objective of the Enterprise risk management framework (ERM) is to create and preserve value for the Company’s stakeholders. It is designed and operated to identify potential events that may affect the Company, assess risk to be within the defined guidelines, manage the risk through control mechanisms, and monitor the risk to understand the evolution. Euronext embeds the risk management philosophy into the Company culture, in order to make risk and opportunity management a regular and everyday process for employees. The Supervisory Board and Managing Board regard ERM as a key management process to steer Euronext and enable management to effectively deal with risks and opportunities. The ERM framework and governance is designed to allow the Managing Board and the Supervisory Board , as part of Euronext’s business model (1) , to identify and assess the Company’s principal risks to enable strong decision making with regards to the execution of the stated strategy. Reporting is made and consolidated on a regular basis to support this process. The ERM also enables the Supervisory Board and Managing Board to maintain and attest to the effectiveness of the systems of internal control and risk management as set out in the Dutch Corporate Governance Code. Enterprisewide risk management Framework and Governance

(1) For more information on Euronext activities, see section 1.3.1 Business Overviex..

50

www.euronext.com

2017 REGISTRATION DOCUMENT