Banken for en verden i endring The bank for a ... - BNP Paribas

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Banken for en verden i endring The bank for a ... - BNP Paribas

• report of the Chairman / corporate governance at BNp paribas

Extracts from the Board of Directors’ Internal Rules:

the Financial Statements Committee

The Statutory Auditors shall attend the Committee meetings devoted to the review of quarterly, halfyearly

and annual financial statements.

However, the Statutory Auditors shall not attend all or part of Committee meetings dealing with

their fees or their re-appointment.

The Statutory Auditors shall not attend all or part of Committee meetings dealing with specific

issues that concern a member of their staff.

Barring exceptional circumstances, the files containing the quarterly, half-yearly and annual results

and financial statements shall be sent to Committee members at the latest on the Friday or Saturday

morning preceding Committee meetings scheduled for the following Monday or Tuesday.

Where questions of interpretation of accounting principles arise in connection with the publication

of quarterly, half-yearly and annual results, and involve choices with a material impact, the Statutory

Auditors and the Group Finance-Development Department shall submit, on a quarterly basis, a

memorandum to the Committee analysing the nature and significance of the issues at play, presenting

the pros and cons of the various possible solutions and explaining the rationale for the choices made.

Report of the Chairman

The Committee shall review the draft report of the Chairman of the Board on internal control

procedures relating to the preparation and processing of accounting and financial information.

Interviews

With regard to all issues within its purview, the Committee may, as it sees fit, and without any other

member of Executive Management being present if it deems this appropriate, interview the Heads of

Group Finance and Accounting, as well as the Head of Asset/Liability Management.

The Committee may request to interview the Head of Group Finance-Development with regard to any

issue within its purview for which it may be liable, or the Bank’s management may be liable, or that

could compromise the quality of financial and accounting information disclosed by the Bank.”

162

CORPORATE GOvERNANCE

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