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2007 Annual report - Groupe M6

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MANAGEMENT REPORT<br />

15.4.4<br />

Balanced and transparent relations with partners<br />

The role of the <strong>M6</strong> Group with everyone it deals with such as shareholders, presenters,<br />

viewers, customers or suppliers, is to maintain balanced and transparent relations with<br />

them.<br />

n Shareholders<br />

Since 2004 and the extension of the free float, the <strong>M6</strong> Group has stepped up its financial<br />

communication policy in order to deliver to all shareholders exact, precise and fair<br />

information, in accordance with applicable French standards and regulations.<br />

Seeking to be attentive to the financial community and its shareholders in this matter,<br />

the Group set up new information supports for individual and institutional shareholders,<br />

via a website dedicated to current finances in French and English, the publication of an<br />

innovative annual <strong>report</strong>, analysed and more interactive, as well as setting up a specific<br />

channel for shareholders via e-mail actionnaires@m6.fr.<br />

n Presenters<br />

Relations with presenters and advertising agencies are governed by the Law of 1 April<br />

1993, the so-called «Sapin Law», which guarantees a perfectly transparent advertising<br />

market.<br />

n Suppliers<br />

Relations with suppliers, particularly programme producers are governed by multi-year<br />

contracts as regards US studios (films, series), that ensures smooth exchange of content.<br />

In addition, <strong>M6</strong> Group plays a leading part in creating French and European audiovisual<br />

and cinematic works, by dedicating a significant part of its advertising revenue to numerous<br />

co-productions and by reserving part of its investments for independent producers.<br />

<strong>M6</strong> GROUP - <strong>2007</strong> annual <strong>report</strong><br />

143

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