The Board of Directors is a collegial body that collectively represents all shareholders and acts at all times in the corporate interests of the Bank.
It is tasked with monitoring its own composition and effectiveness in advancing the Bank’s interests and carrying out its duties.
To find out more about the Board of Directors missions, access the Registration document and annual financial report 2013 (PDF)
Separation of the functions of Chairman and Chief Executive Officer
At the Annual General Meeting held on 14 May 2003, the Chairman, Michel Pébereau, announced the Board’s intention to separate the functions of Chairman and Chief Executive Officer, within BNP Paribas. This decision brought the Group into line with corporate governance best practices, while at the same time ensuring a smooth and transparent handover of the Chief Executive role.
The Chairman organises and directs the work of the Board, and ensures that the corporate decision making bodies of BNP Paribas operate effectively. Working closely with Executive Management, he contributes to developing the Group’s relationships with its major clients and with the national and international financial and monetary authorities. He has no executive responsibilities.
The Chief Executive Officer has the broadest powers to act in the Bank’s name in all circumstances. He has authority over the entire Group. He is also responsible for internal control systems and procedures, and for all the statutory information in the report on internal control.
Remuneration paid to the Group’s corporate Officers
The remuneration paid to the Group’s corporate officers is determined by the method recommended by the compensation committee and approved by the Board of Directors.
To find out more, access the Registration document and annual financial report 2013 (PDF) - 8.e Remuneration and benefits awarded to the Group’s corporate officers