The audit, risks and sustainable development Committee is made up of at least three members - the majority of whom are independent - appointed by the Board of Directors from those of its members who have financial and management experience.
It meets at least three times a year, meetings being called by the Chairman, who may organize any additional meetings as circumstances require. Neither the Chairman nor the Chief Executive Officer can be members of the audit, risks and sustainable development.
The audit, risks and sustainable development Committee’s principal duties are:
to assist the Board of Directors in its task relating to the examination and approval of the annual and semi-annual financial statements;
to examine the Group’s annual and semi-annual financial statements and the related reports before they are submitted to the Board of Directors;to consult with the Statutory Auditors and have access to their analyses and findings;
to consider and issue an opinion on all candidates for the position of Statutory Auditor of the Company and its subsidiaries;
to ensure the independence of the Statutory Auditors, with whom it is in regular contact, and as such to examine all their dealings with the Company and its subsidiaries and issue an opinion on the fees they request;
to periodically examine the internal control procedures and, in general, the audit, accounting and administration procedures in effect in the Company and in the Group, in liaison with the Chief Executive Officer, internal audit departments and the Statutory Auditors;
to examine any transaction, fact or event that may have a significant impact on the situation of the Company or its subsidiaries in terms of commitments and/or risks;
to verify that the Company and its subsidiaries have the appropriate means (audit, accounting and legal) to guard against risks and anomalies in the management of the business of the Company and its subsidiaries.
The audit, risks and sustainable development Committee is currently made up of four members, appointed for the duration of their term of office as director, 75% of whom are independent members.
Chairman and Chief Executive Officer of Foncière Euris
Chairman of the Audit Committee, Managing Director, in charge of real estate, Ardian France
Chief Executive Officer of Pierre & Vacances Tourisme