Special committees

Composition

As of April 27, 2011, the Audit Committee had four members: Messrs. Anthony Hamilton (Chairman), Jacques de Chateauvieux, Ramon de Oliveira and Marcus Schenck.

All members of the Audit Committee were determined by the Board to be independent in accordance with the criteria contained in the AFEP/MEDEF Code. In addition to assessing independence, the Board of Directors also reviewed the qualifications of all Audit Committee members in terms of their financial expertise and business experience and believes that all members have the requisite expertise, experience and qualifications to fulfil their duties as Audit Committee members

Missions and activities

The scope of the Audit Committee's responsibilities is set forth in an Audit Committee Charter which defines the Committee's principal missions, including the following:

• Examine the Company's half-year and annual accounts;
• Monitor statutory audit of annual and consolidated financial statements by the Statutory Auditors;
• Recommend the appointment of the Statutory Auditors of the Group as well as control their independence;
• Examine of all fees for audit services, audit related services and any other services;
• Monitor the effectiveness of the systems of internal control and risk management;
• Monitor matters relating to production and control of accounting and financial information;
• Follow-up accounting rules that apply within the AXA Group;
• Assess the "risk appetite" as regards to financial, operational, insurance or other matter;
• Examine the program and the goals of the AXA Group audit.