The Investment Committee is made up of five members, including two independent members, two members representing the Casino Group and the Chairman of the Board of Directors.
The Committee meets at least twice a year, meetings being called by the Chairman, who may organize any additional meetings as circumstances require.
Its opinions shall be adopted by a simple majority. When the committee considers a transaction involving the Casino Group, the two representatives of the majority shareholder take part in the discussions in an advisory capacity.
The assignments of the Investment Committee are:
to examine the investment strategy and ensure that planned acquisitions and disposals are consistent with the strategy. In this respect, the Committee shall be regularly informed of planned investments and divestments;
to examine and issue an opinion on the annual investment budget;
to study and issue an opinion on planned investments and divestments subject to prior authorization by the Board of Directors;
to examine all renegotiations (annual or other) relating to the partnership agreement with the Casino Group concerning development projects and acquisitions, on which it shall provide the Board of Directors with an opinion;
to carry out all appropriate studies or assignments.
The Investment Committee is made up of five members, appointed for the duration of their term of office as director.
* Independent director
Eric LE GENTIL
Chairman of the Board of Directors and Chief Executive Officer of Mercialys
Chairman and Chief Executive Officer of Foncière Euris
Antoine Giscard d'Estaing
Casino Group Chief Financial Officer, representative of Casino, Guichard-Perrachon
Investment Director at Generali France, representative of Generali Vie
Chairman of the Investment Committee, Independent Director