2013-vinci-annual-report

Report of the Board of Directors
Contents
A. Report on the financial statements for the year 115
1. Consolidated financial statements 115
2. Parent company financial statements 123
3. Dividends 123
114 VINCI 2013 ANNUAL REPORT
B. Post-balance sheet events, trends and outlook 123
1. Material post balance sheet events 123
2. Information on trends 123
3. The Group’s markets: seasonality of business 124
C. Risk factors 125
1. Operational risks 125
2. Financial risks 128
3. Legal risks 129
4. Environmental and technological risks 129
5. Insurance cover against risks 130
D. Corporate governance 132
1. The Afep-Medef code of corporate governance 132
2. Organisation of VINCI’s corporate governance 132
3. The Board of Directors 134
4. Company officers’ remuneration and interests 147
5. Options and performance shares 152
6. Formalities for participation of shareholders in the Shareholders’ General Meeting 155
E. Social and environmental information 156
1. Workforce-related information 157
2. Environmental information 167
3. Social information 177
4. Note on the methods used in social and environmental reporting 182
F. General Information about the Company and its share capital 185
1. Corporate identity and Articles of Association 185
2. Relations between the parent company and its subsidiaries 186
3. General information about VINCI’s share capital 187
4. Matters that could be material in the event of a public offer 189
5. Other information on the Company forming an integral part of the Report of the Board of Directors 190
Report of the Statutory Auditors, as designated independent third-party bodies, on the social, environmental and societal information provided
in the Report of the Board of Directors.