Our Board of Directors
The Board of Directors is composed of 14 members, including one representing employee shareholders and two representing employees. They are appointed for a term of three years. It sets the Group’s strategic priorities on the recommendation of the General Management, which implements them. It strives to promote the creation of long-term value in line with the social and environmental challenges to which BNP Paribas’ activities are exposed. It has three general powers:
- examining the Group’s strategic choices;
- contributing to the correct functioning of the Group;
- giving its prior approval to any significant investment or divestment decision and to any major strategic transaction that falls outside the approved guidelines.
It is also responsible for promoting CSR and overseeing risk management. Lastly, it ensures that high-quality financial and sustainability information is communicated
THE SUPPORT OF FOUR SPECIALISED COMMITTEES
Set up within the Board of Directors, these committees make proposals to facilitate its functioning.
FINANCIAL STATEMENTS COMMITTEE
This committee monitors the process for preparing financial and sustainability information, the effectiveness of the internal control and risk management systems for accounting and financial matters, the statutory audit of the annual and consolidated financial statements by the Statutory Auditors, and periodic controls. This Committee also ensures the independence of the Statutory Auditors.
6 members
INTERNAL CONTROL, RISK MANAGEMENT AND COMPLIANCE COMMITTEE
This committee reviews the overall strategy in terms of risks, including those of a social and environmental nature, based on the indicators communicated to it under the framework set by the regulations in force. It considers any specific issues related to these matters and methods. It also examines issues relating to internal control, compliance and monitoring of compensation principles with regard to risks.
6 members
CORPORATE GOVERNANCE, ETHICS, NOMINATIONS AND CSR COMMITTEE
This committee is responsible for monitoring compliance with corporate governance principles and taking account of regulatory developments and best practices in corporate governance. Its missions also include:
- identifying, selecting and ensuring the succession of Directors and committee members;
- conducting the periodic review of the process for the selection, appointment and succession of Corporate Officers;
- assessing the Board of Directors;
- assessing the independence of Directors;
- monitoring CSR issues and integrating them in the performance of its duties.
4 members
REMUNERATION COMMITTEE
This committee is responsible for the annual review of the Group’s compensation policy principles, as well as:
- the remuneration, allowances and benefits granted to the Company’s Directors and Corporate Officers, and those of some of the Group’s major French subsidiaries;
- the remuneration of the regulated categories of personnel;
- the oversight of the remuneration of the Head of Risk Management, the Head of Compliance and the Head of the “Inspection Générale”.
5 members