Special committees set up by the Board of Directors

To make an in-depth examination of the files submitted to it, the Board of Directors has three specialized committees, namely the Audit Committee, the Risks committee and the Appointment Committee and the Compensation committee conform the requirements of the applicable legal provisions.

Specialist committees are responsible for preparing Board decisions, these remaining the Board’s sole responsibility. Unless the Board gives special dispensation, specialist com mittees have no decision-taking power. These committees are composed of directors appointed by the Board of Directors for a period of two years renewable. After each meeting, a report on the committee’s work is presented to the Board of Directors.