A number of Special Committees have been set up under the Board of Directors to assist the Directors in carrying out their duties. The designated roles of these Committees do not in any way reduce or restrict the powers of the Board.

The Committees meet at their own convenience, with or without Bank management in attendance. They may, at need, call on the services of external experts. They issue opinions addressed to the Board of Directors.

In order to take full account of the nature and specific aspects of the various banking activities, the Committees include:

 

The Financial Statements Committee

The Committee shall hold at least four meetings per year. The Committee is tasked with analysing the quarterly, half-yearly and annual financial statements issued by BNP Paribas and obtaining further explanations of certain items prior to presentation of the financial statements to the Board of Directors.

To find out more, access the Registration document and annual financial report 2012 (p. 54 - PDF)

 

The Internal Control, Risk Management and Compliance Committee

It shall hold at least four meetings per year. The Committee examines the key focuses of the Group’s risk management policy, based on measurements of risks and profitability provided to it in accordance with applicable regulations, as well as on its analyses of specific issues related to these matters and methodologies.The Committee also tackles all compliance-related issues, particularly those in the areas of reputation risk or professional ethics.

To find out more, access the Registration document and annual financial report 2012 (p. 55 - PDF)

 

The Corporate Governance and Nominations Committee

The Committee is tasked with monitoring corporate governance issues. Its role is to help the Board of Directors to adapt corporate governance practices within BNP Paribas and to assess the performance of Board members.

To find out more, access the Registration document and annual financial report 2012 (p. 56 - PDF)

 

Compensation Committee

This Committee meets as frequently as is necessary.  According to the internal rules, the Compensation Committee “is tasked with addressing all issues related to the personal status of corporate officers, including compensation, pension benefits, and provisions governing the departure of members of the Bank’s corporate decision-making or representative bodies.

It examines the conditions, amount and allocation of stock subscription or purchase option plans. Similarly, it examines the conditions of bonus share grants.

To find out more, access the Registration document and annual financial report 2012 (p. 56 - PDF)