LEGRAND_REGISTRATION_DOCUMENT_2017

02 01

06

INTEGRATED REPORT

3

CORPORATE GOVERNANCE

161

6.1 – Administration and management of the company 6.2 – Compensation and benefits of company officers

162

GROUP OVERVIEW

15 16

188

2.1 – Legrand and its business 2.2 – A profitable growth strategy

07

based on leadership development

22

SHARE OWNERSHIP

217 218 220 222 223

2.3 – A structure serving the Group’s strategy and customers

29 34

7.1 – Breakdown of share capital

2.4 – Other information

7.2 – Stock options plans 7.3 – Performance shares

03

7.4 – Regulated agreements and commitments

INTERNAL CONTROL AND RISK MANAGEMENT

08

39

CONSOLIDATED FINANCIAL INFORMATION CONCERNING THE GROUP’S ASSETS, LIABILITIES, FINANCIAL POSITION AND RESULTS 8.1 – Consolidated financial statements in accordance with IFRS for the years ended December 31, 2017 and December 31, 2016

3.1 – Environment and organization of internal control and risk management

40 42 43 44

3.2 – Internal control system 3.3 – Risk management system 3.4 – Internal audit system

225

3.5 – Procedures for preparing and processing accounting and financial information 44 3.6 – Risk factors and control mechanisms in place 46 3.7 – Insurance policies and risk coverage 58

226

8.2 – Statutory Auditors’ report on the consolidated financial

04

statements in accordance with IFRS for the year ended December 31, 2017

272 276 277 277 278 278 279

CORPORATE SOCIAL RESPONSIBILITY (CSR) 61 4.1 – The Group’s CSR strategy 62 4.2 – Offering users sustainable solutions 69 4.3 – Acting ethically towards Society 82 4.4 – Commitment to our employees 96 4.5 – Limiting our environmental impact 108 4.6 – Overview of indicators and additional information 119 4.7 – Statutory Auditors’ report 132

8.3 – Statutory Auditors’ report 8.4 – Dividend distribution policy 8.5 – Legal proceedings and arbitration 8.6 – Material changes in the Company’s financial or trading position

8.7 – Material agreements 8.8 – Capital expenditure

09

ADDITIONAL INFORMATION

281 282 285 291

05

9.1 – Information about the Company

MANAGEMENT REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2017

9.2 – Share capital

9.3 – Memorandum and Articles of Association 9.4 – Responsibility for the Registration Document and for control of the accounts

294

137 138 138 142 145 152 153 153 154 154 155 155 156 156

5.1 – Preliminary disclaimer

T A

5.2 – 2017 highlights 5.3 – Operating income

CROSS-REFERENCE TABLES

297

5.4 – Year-on-year comparison: 2017 and 2016

5.5 – Cash flows and borrowing

5.6 – Capital expenditure

APPENDIX Appendix 1 Appendix 2 Appendix 3 Appendix 4

311 312 328 343 347

5.7 – Off balance sheet commitments 5.8 – Contractual obligations 5.9 – Variations in exchange rates 5.10 – Quantitative and qualitative disclosures relating to financial risks 5.11 – Summary of critical accounting policies

5.12 – New IFRS pronouncements 5.13 – Trends and prospects

5.14 – Table of consolidated financial results over the last five years

157 158

5.15 – Selected financial information