The Board of Directors has three specialized Committees that review specific matters: (1) the Audit Committee, (2) the Finance Committee and (3) the Compensation & Governance Committee.
In order to preserve a well-balanced governance, the Board of Directors ensures that independent directors have a major role on all Board Committees. In this context:
Each Committee issues opinions, proposals or recommendations to the Board of Directors on matters within the scope of its responsibilities. Nevertheless, under French law, Board Committees do not have any formal decision making power.
Each Committee is empowered to undertake or commission specific studies or reviews within the scope of its responsibilities. The Committees may request external consulting expertise if necessary. They may also invite external participants to attend their meetings. Committee Chairmen report to the Board of Directors at the following Board meeting.