Special Committees

AXA's Supervisory Board has established four committees to review specific matters and report back to the Supervisory Board.

The Supervisory 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.

The role, organization and operating procedures of each Committee are set forth in the Supervisory Board's Rules of Procedure and in a dedicated charter for the Audit Committee.

Each Committee issues opinions, proposals or recommendations to the Supervisory Board on matters within the scope of its responsibilities and is empowered to undertake or commission specific studies or reviews within the scope of its responsibilities. Each Committee may invite outside participants to attend its meetings and Committee Chairmen report to the Supervisory Board on a regular basis following Committee meetings.

Committees have no decision making authority.