AFD_REGISTRATION_DOCUMENT_2017

CORPORATE GOVERNANCE

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Conflicts of interest

3 Dismissal by way of disciplinary action: The amount of compensation potentially awarded to an employee is the result of a decision by the Chief Executive Officer when he gives notice of the penalty in accordance with legal provisions. Only serious or gross misconduct results in no compensation for dismissal. 4 Dismissal on the grounds of medical unfitness: Compensation for dismissal paid to an employee in the context of the procedure established in Articleb25bof the Staff Regulations is equal to half of that provided in the event of dismissal for economic reasons and, as a minimum, equal to the legal compensation provided by the French Labour Code in this event. 3.2.3 Information about compensation for executive officers and individuals whose professional activities have a significant impact on the company’s risk profile As previously stated, the compensation principles and changes described above are applicable to all AFD Group employees, including the Executive Committee and “individuals whose activities have a significant impact on the company’s risk profile”. In AFD, executive officers and individuals whose professional activities have a significant impact on the company’s risk profile belong to the following categories: P the Executive Committee (including Proparco’s Chief Executive Officer); P Deputies to the Executive Directors; P Departmental Directors;

P the Communications and the French Global Environment Facility (FFEM) managers and the Director of the Office to the Chief Executive Officer (who are also members of the Management Committee (CODIR)); P managers of the Board and Second Opinion secretariats; P Deputies to the CPC (Permanent Control and Compliance Department) and IGE (Inspection General) Departmental Directors; P and four employee representatives. The total amount of compensation of any kind paid during the 2017bfinancial year to all people falling within these categories (49bposts and 55bemployees) amounted to €5,406,469. In addition, the total compensation of the executive officers (Chief Executive Officer, Deputy Chief Executive Officers), Executive Director of Risks and the Director of the Permanent Control and Compliance Department amounted to €794,000 for 2017 (for individuals in post at 31bDecember). This compensation corresponds to the gross fixed compensation paid by AFD which does not, moreover, pay any variable compensation other than the profit-sharing bonus which is calculated in an identical way for all employees. 3.3 CONFLICTS OF INTEREST As of the writing of this document, to the knowledge of the issuer, there are no potential conflicts of interest between duties with regard to the issuer, members of the Board of Directors and their private interests and/or other duties.

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REGISTRATION DOCUMENT 2017

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