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 Committee.
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 oversee the procedure for selecting Statutory Auditors;
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 monitor the sustainable development policy and its implementation, as well as the process for drawing up sustainability information;
to monitor legal compliance and to review the anti-corruption arrangements and the actions taken relating to compliance and ethics;
to review the cybersecurity arrangements;
to review any agreements or transactions between the Company or one of its fully-owned subsidiaries and a related party, prior to their conclusion;
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 4 members, appointed for the duration of their term of office as director, 100% of whom are independent members.
* Independent director
Deputy Chief Executive Officer-Group Finance of Grandir/Les petits Chaperons Rouges
Chief Executive Officer Hertz France
Chairwoman of the Audit, Risks and Sustainable Development Committee - Member of the Management Board and Head of Real Estate of Ardian France
Chairman of the Management Board of the UXCO Group