Members
Nicolas Mérindol and Jean-Charles Naouri as joint Chairmen
Jean-Claude Créquit, Michel Goudard, Yvan de La Porte du Theil and Robert Zolade as members
The duties of Natixis’ Risk Management Committee are as follows:
• it assists the Supervisory Board in its inspection and auditing of the financial statements and the Chairman’s report on the company’s business activities; within this framework, it monitors the quality of information provided to shareholders and, more generally, carries out the duties set out in CRBF rule n° 2001-01 of June 26, 2001, concerning the internal control of credit institutions and investment firms, amending CRBF rule n° 97-02 of February 21, 1997, as amended by rule n° 2004-02 of January 15, 2004;
• it examines the company and consolidated annual and interim financial statements, as well as the company’s draft budgets at least one week before they are presented to the Supervisory Board, as well as company financial documents handed out on approval of the financial statements;
• it gives an opinion on the choice or renewal of the company’s statutory auditors and examines the scope of their work, the results of their investigations and their recommendations, as well as any actions taken on the basis of these recommendations;
• it gives an opinion on the procedures implemented by the company to ensure compliance with regulations, as well as the monitoring and control of risks; to this effect, it receives reports from the risk committees of the company and its main subsidiaries, as well as reporting on risks, notably operational, market or counterparty risks, carried out under the diligence of the company’s management board;
• it gives an opinion on the appointment and dismissal of the head of Internal Audit;
• it monitors the implementation of actions based on the conclusions of assignments by the Internal Audit department and the Banking Commission; for this purpose, it may receive reports from the Internal Audit department and the Banking Commission concerning the company and its subsidiaries;
• it looks at the company’s annual internal auditing schedule, including audits at subsidiaries, which should be presented to the Committee at least one week before approval;
• it gives an opinion on the report submitted to it each year concerning business relationships between the company or one of its subsidiaries and all or some of the entities making up the Caisse d’Epargne Group or the Banque Populaire Group.
The Risk Management Committee may submit to the Supervisory Board any proposals to carry out an audit, notably concerning the financial statements of the company and its subsidiaries.
The Risk Management Committee meets at least once a quarter.
