Natixis at a glance

Members

Jean-Charles Naouri, Chairman
Jean Criton, Laurence Debroux, Nicolas Duhamel, Olivier Klein, and Bernard Oppetit, members.

The duties of Natixis' Audit Committee are as follows:

• it assists the Board of Directors the preparation of Natixis' financial statements and management report;

• it examines the company and consolidated annual and interim financial statements, as well aNatixis' draft budgets at least one week before they are presented to the Board of Directors, as well as company financial documents handed out on approval of the financial statements;

• it gives an opinion on the choice or renewal of Natixis' 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 Natixis 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 Chief Executive Officer;

• 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 Natixis and its subsidiaries;

• it looks at Natixis' 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 Natixis or one of its subsidiaries and all or some of the entities making up Groupe Caisse d'Epargne or Groupe Banque Populaire.

The Audit Committee may submit to the Board of Directors any proposals to carry out an audit, notably concerning the financial statements of Natixis and its subsidiaries.
The Audit Committee meets at least once a quarter.
Minutes of the Audit Committee meetings are distributed to the committee members and to the company's directors.