Composition:

  • Six members;
  • Mr. Karim Hajjar (Executive Committee member and CFO) is invited to attend the Finance Committee meetings;
  • The Secretary is Mr. Michel Defourny, Group Corporate Secretary.

Meetings:

  • This Committee met four times in 2018;
  • Meeting attendance was 100%.

Activities:

  • Gives an opinion on financial matters such as the amounts of the interim and final dividends, the levels conditions and currencies of indebtedness, monitoring the credit strength of the Group’s balance sheet, hedging foreign exchange and risks, the hedging policy for the long-term incentive plans, the content of financial communication, and financing major investments;
  • Finalizes the preparation of the press releases announcing results;
  • When called upon, it gives opinions on Board policies on the above matters;
  • Makes all recommendations to the Board of Directors.