2019 Annual financial report

Strategy and Risk Committee

* Excluding the member representing employees.,

The Strategy and Risk Committee is governed by article 9 et seq. of the Supervisory Board’s internal rules. The missions of the Strategy and Risk Committee with regard to the Supervisory Board are as follows:  

• to examine (in coordination with the Audit Committee), the risks to which the Company is exposed and the policies and corrective measures that will allow it to control and reduce these risks;
• to study the major strategic and growth options available to the Group and decide whether or not they are implemented with respect to transactions likely to affect the Group’s strategy as a whole; 
• to examine the Group’s Corporate Social and Environmental Responsibility (CSR) strategy and the options selected to implement this strategy. The Strategy and Risk Committee currently has seven members including four independent members and one member representing employees: Marie-Josée Kravis (independent member), Chair, Élisabeth Badinter and Suzan LeVine (independent member), Thomas H. Glocer (independent member), Enrico Letta (independent member), Maurice Lévy and Pierre Pénicaud (representing employees). Changes to the composition of the Strategy and Risk Committee in 2019:

In 2019, the Committee reexamined the risks facing the Company and the policies making it possible to control or reduce them, the Group’s corporate and social responsibility (CSR) strategy and the options adopted when implementing this strategy as well as the major strategic options and development opportunities available to the Group. The Committee reviewed the overall risk mapping. The main risks are operational risks primarily associated with cybersecurity, weak organic growth and transformation that customers need to make to their organizations in addition to geopolitical risks. The Committee updated the specific corruption and influence peddling risk mapping that is used for controls and audits. Risks of corruption and influence peddling remain low within the Group. The Committee was informed of the implementation of the action plan relating to duty of vigilance and updated the risk mapping specific to the vigilance plan. The Committee reviewed the Group’s strategic priorities and related execution risks as well as progress made.