Implicaciones para el periodismo especializado

PLACE WITHIN THE COMPANY

1. COMPOSITION OF THE SUPERVISORY BOARD

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Meeting of 24 April 2014, shareholders will be asked to ratify WKLVLQWHULPDSSRLQWPHQW

The table below summarises the changes that have taken SODFH LQ WKH FRPSRVLWLRQ RI WKH 6XSHUYLVRU\ %RDUG GXULQJ

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During the General Meeting of 24 April 2014, in addition WR UDWLI\LQJ 0V *URHQ­V DSSRLQWPHQW VKDUHKROGHUV ZLOO

be asked to appoint Ms Stabile as a new member of the 6XSHUYLVRU\%RDUG$FFRUGLQJO\VXEVHTXHQWWRWKH*HQHUDO

Meeting of 24 April 2014 and the appointment of Ms Groen and Ms Stabile, the Company will be in compliance with the

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Name of Supervisory Board member Nature of change Effective date How this diversi´es the composition of the Supervisory Board

Charles Hochman Expiration of appointment 18 April 2013

Sophie Javary Resignation 4 March 2014

Marleen Groen

Interim appointment (to

replace Ms Javary) 4 March 2014

Diversi´cation in terms of gender parity, nationa-lity and international experience

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Independence criteria Josl

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He/she must not be, or not have been in the last ´ve years:

‡ an employee or executive corporate of´cer of the Company, or an em-ployee or director of either the parent company or a company consolidated by the parent company,

‡ an executive director of a com-pany in which the Comcom-pany holds an appointment, or in which a Company employee or executive corporate of´cer holds an appointment (either

currently or in the last ´ve years). Yes Yes Yes Yes Yes Yes Yes /

Not be a major customer, supplier, or corporate or investment banker of the Company or its Group, nor carry out a signi´cant proportion of its business

with the Company or its Group. Yes Yes Yes Yes Yes Yes Yes /

Not have close family ties with a

corporate of´cer Yes Yes Yes Yes Yes Yes Yes /

Not have been a Statutory Auditor of

the Company in the last ´ve years Yes Yes Yes Yes Yes Yes Yes /

Not be a member of the Board of the

Company for more than 12 years Yes No Yes Yes Yes Yes Yes /

Not be a controlling shareholder of the Company or its parent company (10% threshold of share capital or

voting rights) Yes Yes Yes Yes Yes Yes Yes /

Conclusion

Inde-pendent

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on 28 April 2004 and no business relationship with the

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Every time an appointment or renewal is proposed, the

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2012 2013

Martine Charbonnier 1,200 N/A

Sophie Javary 100 100

Charles Hochman 57,331 N/A

Jean Besson 126,432 36,839

Philippe Santini 2,128 2,128

Gérard Hascoët 30,364 30,364

Jean-Hugues Loyez 12,804 17,098

Joël Séché 132,343 132,343

Total 362,702 218,872

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2. THE ROLE AND OPERATION OF THE SUPERVISORY BOARD

A. RULES OF PROCEDURE OF THE SUPERVISORY BOARD

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- Audit Committee;

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B. OPERATIONS AND EVALUATION OF THE SUPERVISORY BOARD

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reviewed the investment and cash management strategy and presented its recommendations regarding investment RSSRUWXQLWLHV ,Q SDUWLFXODU LW FORVHO\ UHYLHZHG YDOXDWLRQ

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summarising the results was discussed during the meeting RI1RYHPEHU

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C. ORGANISATION AND OPERATING PROCEDURES OF THE SUPERVISORY BOARD AND AUDIT COMMITTEE

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control procedures implemented by the Management

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particular for determining the value of companies in the portfolio;

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- analytic dashboards;

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using peer-group multiples;

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that consists in providing investment advisory services to

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take all assignments mentioned in laws and regulations into DFFRXQW7KH$XGLW&RPPLWWHHFDQUHTXHVW

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accounting,

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3. REMUNERATION OF THE CORPORATE OFFICERS AND STOCK-OPTION PLANS

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members who attended at least half of the meetings in the IROORZLQJPDQQHU

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The Company has no stock-option or bonus share plan in SODFH

4. OTHER ITEMS OF CORPORATE GOVERNANCE

A. LIMITATIONS ON THE POWERS OF THE MANAGEMENT COMPANY

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B. POTENTIAL CONFLICTS OF INTEREST BETWEEN THE MANAGEMENT AND SUPERVISORY BODIES

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IN ANNUAL GENERAL MEETINGS

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INTERNAL CONTROL PROCEDURES

In document PROTECCIÓN DE DATOS Y RESPONSABILIDAD DEL PERIODISTA (página 120-126)