Special Committees
In 1990, the Supervisory Board established special committees to help implement its corporate governance principles.
In January of 1997, when AXA adopted its current form of corporate governance (Management Board and Supervisory Board), the Supervisory Board formally established four special committees, whose chairmen and members it appoints and whose rights and duties it specifies.
The Board thus benefits from the work of an Audit Committee, a Finance Committee, a Selection, Ethics, Governance and Human Resources Committee and a Compensation Committee.
Each committee issues opinions, proposals and recommendations and is empowered to undertake or commission studies on subjects to be presented to the Board. Each committee may invite outside participants to its meetings.
Committee chairmen are asked to report on completed committee work at the next scheduled Supervisory Board meeting.
The general principles pertaining to the role, organization and operating procedures of each committee are set forth in the Supervisory Board's internal regulations.