SOMFY_ANNUAL_FINANCIAL_REPORT_2017

05 REPORT ON CORPORATE GOVERNANCE

COMPOSITION OF THE SUPERVISORY BOARD

The Somfy SA Supervisory Board consists of seven members: Name Position Age Nationality

Date appointed/ renewed

Date term ends

Audit Committee

Remuneration Committee

(Member of the Supervisory Board: 15 May 2012/ Chairman of the Supervisory Board: 16 May 2013)

Chairman Independent member

Michel Rollier

73

French

2018 AGM

–

Chairman

Victor Despature

Vice-Chairman 68

French

17 May 2017 2020 AGM Chairman

Member

Independent

Paule Cellard

French

17 May 2017 2021 AGM Member

–

member 62 Member 44

Anthony Stahl

French

13 May 2015 2019 AGM

–

–

Marie Bavarel-Despature*

Member 37 French-Swiss

17 May 2017 2020 AGM

–

–

Sophie Desormière**

Independent

French

17 May 2017 2021 AGM

–

–

member 51

Florence Noblot*** Independent

French

17 May 2017 2021 AGM

–

–

member 54

The General Meeting of 17 May 2017 appointed Marie Bavarel-Despature as member of the Supervisory Board, in addition to current members, for a * period of three years which will expire at the end of the General Meeting called in 2020 to approve the financial statements for the year just ended. The General Meeting of 17 May 2017 appointed Sophie Desormière as member of the Supervisory Board, replacing Jean Despature, for a period of ** four years which will expire at the end of the General Meeting called in 2021 to approve the financial statements for the year just ended. The General Meeting of 17 May 2017 appointed Florence Noblot as member of the Supervisory Board, replacing Valérie Pilcer, for a period of four *** years which will expire at the end of the General Meeting called in 2021 to approve the financial statements for the year just ended. Regarding the composition of the Supervisory Board, shareholders at the next General Meeting will be asked to: re-appoint Michel Rollier as a member of the Supervisory Board for a period of four years which will expire at the end of the General – Meeting to be held in 2022 to approve the financial statements for the year just ended. The following other changes to the composition of the Supervisory Board took place during the financial year just ended and as of the date of this report (31 January 2018):

Member

Nature of change Date of change Not re-appointed 17/05/17

Effect in terms of diversification

Valérie Pilcer

–

Florence Noblot Jean Despature Sophie Desormière Marie Bavarel-Despature

Appointed as a replacement 17/05/17 Female representation, international experience and independence

Not re-appointed 17/05/17

–

Appointed as a replacement 17/05/17 Female representation, international experience and independence

Appointment 17/05/17

Female representation and international experience

Paule Cellard

Re-appointed 17/05/17 Re-appointed 17/05/17 Resignation 18/05/17

– – –

Victor Despature Bernard Hours

Self-assessment of the Supervisory Board

Equal representation of men and women on the Board

The Board currently consists of seven members, including four women. As such, the company complies with the legal provisions regarding gender equality applicable at the end of the Annual General Meeting held in 2017, namely, given the size of the Board, a maximum difference of two between the number of members of each gender.

At its meeting of 16 November 2017, the Board carried out the annual assessment of its operation and its work and those of its Audit and Remuneration Committees, with no particular comments to make in this regard. An assessment via a questionnaire sent out to each Supervisory Board member is planned during the course of 2019.

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SOMFY – ANNUAL FINANCIAL REPORT 2017