This Universal Registration Document includes the elements of the Board of Directors’ management report relating to the 2019 fiscal year as provided for in Articles L. 225-100 et seq. of the French Commercial Code (Code de commerce). The management report is composed of the sections of the Universal Registration Document referred to in the following table:
| Required topics | Reference texts | Chapter of the Universal Registration Document |
|---|---|---|
| Situation and activity of the Group | ||
| Objective and exhaustive analysis of the Company’s and Group’s business, results and financial situation | Objective and exhaustive analysis of the Company’s and Group’s business, results and financial situation Reference textsL. 225-100-1, L. 232-1 L. 233-6 and L. 233-26 of the French Commercial Code | Objective and exhaustive analysis of the Company’s and Group’s business, results and financial situation Chapter of the Universal Registration DocumentChapter 5 |
| Key events arising between the end of the fiscal year and the date the management report was written | Key events arising between the end of the fiscal year and the date the management report was written Reference textsL. 232-1 and L. 233-26 of the French Commercial Code | Key events arising between the end of the fiscal year and the date the management report was written Chapter of the Universal Registration DocumentSection 5.2 |
| Foreseeable development and future prospects of the situation of the Company and the Group | Foreseeable development and future prospects of the situation of the Company and the Group Reference textsL. 232-1 and L. 233-26 of the French Commercial Code | Foreseeable development and future prospects of the situation of the Company and the Group Chapter of the Universal Registration DocumentSection 5.4 |
| Key indicators of financial and non-financial performance relevant to the particular business of the Company and the Group | Key indicators of financial and non-financial performance relevant to the particular business of the Company and the Group Reference textsL. 225-100-1 of the French Commercial Code | Key indicators of financial and non-financial performance relevant to the particular business of the Company and the Group Chapter of the Universal Registration DocumentChapter 3 and Section 8.5.4 |
| Description of the major risks and uncertainties and indication on the use of financial instruments for the Company and the Group | Description of the major risks and uncertainties and indication on the use of financial instruments for the Company and the Group Reference textsL. 225-100-1 of the French Commercial Code | Description of the major risks and uncertainties and indication on the use of financial instruments for the Company and the Group Chapter of the Universal Registration DocumentSections 2.2 and 5.1 |
| Acquisition of significant equity holdings during the fiscal year in companies having their registered office on the French territory | Acquisition of significant equity holdings during the fiscal year in companies having their registered office on the French territory Reference textsL. 233-6 al.1 of the French Commercial Code | Acquisition of significant equity holdings during the fiscal year in companies having their registered office on the French territory Chapter of the Universal Registration DocumentSection 5.1.3 and note 5 of the Appendix to the consolidated financial statements |
| Internal control and risk management procedures implemented by the Group relating to the preparation and processing of accounting and financial information | Internal control and risk management procedures implemented by the Group relating to the preparation and processing of accounting and financial information Reference textsL. 225-100-1 of the French Commercial Code | Internal control and risk management procedures implemented by the Group relating to the preparation and processing of accounting and financial information Chapter of the Universal Registration DocumentSection 2.2 |
| Financial risks associated with the effects of climate change and the Group’s low-carbon strategy. | Financial risks associated with the effects of climate change and the Group’s low-carbon strategy. Reference textsL. 225-100-1 of the French Commercial Code | Financial risks associated with the effects of climate change and the Group’s low-carbon strategy. Chapter of the Universal Registration DocumentSection 2.2.3 Section 3.2 |
| Research and development activities | Research and development activitiesReference texts L. 232-1 and L. 233-26 of the French Commercial Code | Research and development activitiesChapter of the Universal Registration Document Section 1.6 |
| Corporate Government/Corporate Officers Section including elements contained in the report on corporate governance | ||
| Reference to the Corporate Governance Code | Reference to the Corporate Governance Code Reference textsL. 225-37-4 of the French Commercial Code | Reference to the Corporate Governance Code Chapter of the Universal Registration DocumentSection 4.1 |
| List of all mandates and positions held in all companies by each officer during the fiscal year | List of all mandates and positions held in all companies by each officer during the fiscal year Reference textsL. 225-37-4 of the French Commercial Code | List of all mandates and positions held in all companies by each officer during the fiscal year Chapter of the Universal Registration DocumentSections 4.2 and 4.3 |
| Conditions for the preparation and organisation of the Board of Directors’ work | Conditions for the preparation and organisation of the Board of Directors’ work Reference textsL. 225-37-4 of the French Commercial Code | Conditions for the preparation and organisation of the Board of Directors’ work Chapter of the Universal Registration DocumentSection 4.2 |
| Members of the Board of Directors and description of the diversity policy applied to members of the Board of Directors, description of its objectives, its implementation procedures and the results obtained | Members of the Board of Directors and description of the diversity policy applied to members of the Board of Directors, description of its objectives, its implementation procedures and the results obtained Reference textsL. 225-37-4 of the French Commercial Code | Members of the Board of Directors and description of the diversity policy applied to members of the Board of Directors, description of its objectives, its implementation procedures and the results obtained Chapter of the Universal Registration DocumentSection 4.2 |
| Information on the balanced representation of women and men in the Executive Committee and gender balance index in the 10% of functions with highest responsibility | Information on the balanced representation of women and men in the Executive Committee and gender balance index in the 10% of functions with highest responsibility Reference textsL. 225-37-4 of the French Commercial Code | Information on the balanced representation of women and men in the Executive Committee and gender balance index in the 10% of functions with highest responsibility Chapter of the Universal Registration DocumentSection 3.3.3.1 |
| Remuneration and benefits of all kinds paid by the Company during the fiscal year to each corporate officer | Remuneration and benefits of all kinds paid by the Company during the fiscal year to each corporate officer Reference textsL. 225-37-3 of the French Commercial Code | Remuneration and benefits of all kinds paid by the Company during the fiscal year to each corporate officer Chapter of the Universal Registration DocumentSection 4.6 |
| Guidelines and rules approved by the Board of Directors for the determination of the corporate officers’ compensation and benefits | Guidelines and rules approved by the Board of Directors for the determination of the corporate officers’ compensation and benefits Reference textsL. 225-37-4 of the French Commercial Code | Guidelines and rules approved by the Board of Directors for the determination of the corporate officers’ compensation and benefits Chapter of the Universal Registration DocumentSection 4.6 |
| Remuneration policy | Remuneration policy Reference textsL. 225-37-3 of the French Commercial Code | Remuneration policy Chapter of the Universal Registration DocumentSection 4.6 and 8.5.4 appendices |
| Evolution of executive remuneration in relation to that of employees and to the Company’s performance over the last 5 years | Evolution of executive remuneration in relation to that of employees and to the Company’s performance over the last 5 years Reference textsL. 225-37-3 of the French Commercial Code | Evolution of executive remuneration in relation to that of employees and to the Company’s performance over the last 5 years Chapter of the Universal Registration DocumentSection 4.6 |
| Agreements entered into between a significant executive or shareholder and a controlled company within the meaning of Article L. 233-3 | Agreements entered into between a significant executive or shareholder and a controlled company within the meaning of Article L. 233-3 Reference textsL. 225-37-4 of the French Commercial Code | Agreements entered into between a significant executive or shareholder and a controlled company within the meaning of Article L. 233-3 Chapter of the Universal Registration DocumentSections 7.5 and 7.6Notes 26 and 51 of the Appendix to the consolidated financial statements |
| Limitation of powers of the Chairman and Chief Executive Officer | Limitation of powers of the Chairman and Chief Executive Officer Reference textsL. 225-37-4 of the French Commercial Code | Limitation of powers of the Chairman and Chief Executive Officer Chapter of the Universal Registration DocumentSections 4.2.2 and 7.2.9 |
| Information likely to impact a public offer | Information likely to impact a public offer Reference textsL. 225-37-5 of the French Commercial Code | Information likely to impact a public offer Chapter of the Universal Registration DocumentSections 7.2 and 7.3 |
