Special committees

Composition

As at April 29, 2010, the Audit Committee comprises four members: Anthony Hamilton (Chairman), Jacques de Chateauvieux, Ramon de Oliveira and Ezra Suleiman. All members were deemed independent in accordance with the criteria set forth in the AFEP/MEDEF Code as assessed by the Supervisory Board on February 17, 2010. Furthermore, they have requisite financial or accountancy expertise, experience and qualifications to fulfill their duties.

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;
• Assessthe "risk appetite" as regards to financial, operational, insurance or other matter;
• Examine the program and the goals of the AXA Group audit.

The Audit Committee Charter is reviewed on a regular basis and updates are submitted to the Board of Directors for approval.