Our Corporate Governance

Adapting the rules of corporate governance to ensure transparency and shareholder information

Jean-François Dehecq, aged 67

Chairman

As of January 1st, 2007

Term of office ends: 2008

Gérard Le Fur, aged 56

Chief Executive Officer

As of January 1st, 2007

Term of office ends: 2010

Director

Date appointed: May 2006

Term of office ends: 2010

The Board of Directors

Subject to the authority expressly reserved by law to the General Meetings of shareholders, and within the scope of the corporate objects, the Board of Directors deals with and takes decisions upon issues relating to the proper management of the company and other matters concerning the Board.

The composition and responsibilities of the Committees are described in the "Board of Directors" section.

Specialist Committees

In 1999, the Board of Directors set up Specialist Committees charged with providing input to assist the Board in its decision- making. Members of these committees are chosen by the Board from amongst its members on the strength of their experience. Each committee is chaired by an independent director.

The composition and responsibilities of the Committees are described in the "Specialist Committees" section.