Governance structure

Since April 29, 2010, AXA is administered by a Board of Directors. On April 30, 2013, the Board of Directors was comprised of 15 members among which 12 were qualified as independent by the Board of Directors in accordance with the criteria set forth in the AFEP/MEDEF Code. The Board of Directors determines the orientations of the Company's activities and ensures their implementation.

The Board of Directors appointed Mr. Norbert Dentressangle as Vice-Chairman to act as a Lead Independent Director. He has a number of specific powers including supervising the contribution of the independent directors to the Board's deliberations and acting as their spokesperson with the Executive Management to the extent necessary or appropriate.

The Board of Directors benefits from the work of three specialised Committees that review specific matters and report to the Board (the Audit Committee, the Finance Committee, the Compensation & Governance Committee).

AXA's Executive Management comprises the Chairman & Chief Executive Officer and a Deputy Chief Executive Officer. A Management Committee and an Executive Committee also support the operational management of the Group.