The audit committee is notably responsible for monitoring the process for producing financial information and, if applicable, issuing recommendations to guarantee its integrity.
It must ensure the pertinence and consistency of the accounting methods used, in particular for significant transactions. When the accounts are reviewed, the committee will notably examine the significant transactions where conflicts of interest may have occurred.
This review of the accounts must be accompanied by a presentation from the Company’s auditor in order to report on the fulfilment of its role and the conclusions from its assignment. In addition, the Financial Director must make a presentation detailing the Company’s significant risk exposure and the off-balance sheet commitments as well as the accounting options used.
The audit committee is chaired by Ghislaine Sanchez, independent Supervisory Board Member, and also includes Philippe Austruy, the Chairman of the Supervisory Board and Laurent Flechet, independent Supervisory Board Member.