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Special Committees

Finance Committee

Finance Committee members

As of April 22, 2008, the Finance Committee had 4 members: Jacques de Chateauvieux (Chairman), Léo Apotheker, Henri Lachmann and Michel Pébereau. 

Missions

The Finance Committee has the following principal missions:

  • to review the Group's financial structure and the broad outlines of AXA's asset management policy;
  • to examine plans to sell real-estate or equity interests with an appraised value exceeding the authorizations granted to the Management Board by the Supervisory Board;
  • to review all material financial transactions involving AXA that are proposed by the Management Board; and
  • to examine all acquisition plans in excess of €500 million.

Activity in 2007

The Finance Committee met four times in 2007. The global attendance rate was 89.47%. Within the framework of its principal missions such as described above the Committee notably focused on the following issues:

  • examination of AXA's financial structure;
  • examination of the financial resolutions proposed to the AXA shareholders' assembly;
  • recommended dividend;
  • acquisitions and disposals;
  • share repurchase program;
  • subprime and market funds;
  • AXA Group exposure to ABS & CDO's/CLO's;
  • credit risk update.