AFD_REGISTRATION_DOCUMENT_2017

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CORPORATE GOVERNANCE Report on corporate governance

banks and insurance companies. In 2014, he became a financial economic adviser in the office of the French prime minister, following economic and financial issues, including the Macron Law, the creation of Business France and plans to establish closer ties between AFD and CDC. 3.1.2 Executive Committee Members of AFD’s Executive Committee are appointed by the Chief Executive Officer: P deputy Chief Executive Officer: Jérémie Pellet; P deputy Chief Executive Officer: Philippe Bauduin; P operations Executive Officer: Laurence Breton-Moyet; P general Secretary Executive Officer: François Parmantier; P human Resources Executive Officer: Christine Harné; P risks Executive Officer: Sandrine Boucher; P strategy, Partnerships and Communication Executive Officer: vacant position; P studies, Research and Knowledge Executive Officer: Gaël Giraud.

P one member appointed because of his expertise in ecological and sustainable development issues; P four members of Parliament (two deputies and two senators); P two elected representatives of AFD’s staff. Each member of the Board of Directors can be substituted by an alternate, who is appointed under the same conditions as the permanent member, in the event of a scheduling conflict or absence. The Chair of the Board of Directors is appointed by decree based on the report of the French Minister in charge of the Economy, the French Minister in charge of Cooperation, the French Minister in charge of the French Overseas Departments and Collectivities and the French Minister in charge of Immigration. The age limit applicable to the Chairman of the Board of Directors is 70byears of age. She casts the deciding vote in the event of a tie. If the Chair is absent, she is replaced by the eldest of the six State representatives. Members of the Board of Directors have a three-year term. However, the term on the Board of Directors of members of Parliament ends when they cease to be members of the assemblies to which they were elected. Members of the Board of Directors are not paid. However, the Chair of the Board of Directors receives compensation, the amount of which is set by joint decree by the French Ministers in charge of the Economy, Cooperation and French Overseas Departments and Collectivities. AFD adheres to the principle of balanced representation of women and men on the board, in particular when renewing offices. At 31bDecember 2017 there were 36bboard members. Of the 28 which had been duly appointed (14 permanent and 14 alternate), 8 (28.6b%) were women (4 permanent and 4 alternate).

3.1.3 Composition of the Board of Directors

In accordance with ArticlebR.515-17 of the French Monetary and Financial Code, the Board of Directors includes the following members, aside from its Chairman: P six representatives of the French State; P four members appointed because of their expertise in economic and financial matters;

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