PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

2 C O R P O R A T E G O V E R N A N C E A N D I N T E R N A L C O N T R O L

2.1

REPORT OF THE BOARD OF DIRECTORS ON CORPORATE GOVERNANCE Composition of the Board of Directors

2.2

INTERNAL CONTROL AND RISK

33

MANAGEMENT

80 80

2.1.1

2.2.1 2.2.2

Definition of internal control Description of the internal control

on 30 June 2018

33

2.1.2

Overview of the composition of the Board

environment

80

of Directors and its Committees Duties performed by the Directors

34 35 43 44 49 52 56 73

2.3

FINANCIAL AND ACCOUNTING

2.1.3 2.1.4 2.1.5 2.1.6 2.1.7 2.1.8 2.1.9

REPORTING

82

Governance structure

2.3.1

Preparation of the Group’s consolidated

Composition of the Board of Directors Structure and operation of the Board

financial statements

82

2.3.2

Preparation of Pernod Ricard’s Parent

of Directors

Company financial statements

82

Structure and operation of the Committees

Compensation policy

Financial authorisations and delegations

Share buyback programme 2.1.10 75 Items liable to have an impact in the event of 2.1.11 a public offer 77 Shareholders’ Meetings and attendance 2.1.12 procedures 77 Management structure 2.1.13 78

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PERNOD RICARD REGISTRATION DOCUMENT 2017/2018