The employee shareholder representative
In accordance with French law and the Company's Bylaws, a member of the Board of Directors is appointed by shareholders every four years from a list of candidates selected by the Group's employee shareholders, following an internal selection process.
There are two ways in which a candidate can be nominated for election as the employee shareholder representative:
At the end of the voting process, only one candidate shall hold the position of employee shareholder representative. During the Shareholders' Meeting of June 30, 2020, the AXA shareholders appointed Mrs. Helen Browne, currently Group General Counsel, as employee shareholder representative on the AXA Board of Directors.
The employee shareholder representative is a member of the Board of Directors, the corporate body that determines the orientations of the Company's activities and ensures their implementation. The employee shareholder representative has the same rights and duties as the other members of the Board. He/she has a duty of diligence as well as a duty to preserve the confidentiality of the information concerning the Group which is communicated to him/her in connection with his/her position on the Board. As every member of the Board of Directors, the employee shareholder representative is required to consider and represent the interests of all the Company's shareholders and to act accordingly in performing his or her duties.