4.2.2. The Finance Committee
The Board has set up a Finance Committee whose composition, role, mission and functioning are described among other in its internal rules, which form an Appendix to the Charter.
Mr. Karim Hajjar (Executive Committee member and CFO) is invited to attend the Finance Committee meetings.
The Secretary of this Committee is Mr. Michel Defourny.
This Committee met four times in 2016. Attendance by the members of the Finance Committee was very high (100%)
The Committee gives its opinion on financial matters such as the amounts of the interim and final dividends, the levels and currencies of indebtedness in the light of interest rate developments, the hedging of foreign exchange and energy risks, the hedging policy of the long-term incentive plans, the content of financial communication, and the financing of major investments. It finalizes the preparation of the press releases announcing the quarterly results. It may also be called upon to give opinions on Board policies on these matters.