Registration Document BOUYGUES

Bouygues SA
Key figures
2011 sales
€69m
(+5%)
operating loss
-€30m
(n.m.)
net profit
€808m
(-10%)
employees
186
n.m.: not meaningful
As the parent company of an
industrial group, Bouygues SA
focuses mainly on the development
of the Group's different businesses.
It is the place where decisions are
taken that determine the Group's
activities and the allocation of its
financial resources.
Internal control – Risk
management – Compliance
From its inception, the Bouygues group has made
risk management one of the cornerstones of its
corporate culture because its founder had a highly
innovative vision of the construction business,
the Group’s first activity. Today Bouygues SA, the
Group’s parent company, regards internal control,
risk management and compliance as being among
its core missions. Many actions have been taken in
this sphere in each of the five business areas over
the last four years, on the parent company’s initiative
and under its supervision. They are organised
around three strands: internal control guidelines,
self-assessment of implementation of the core
principles of tthese guidelines and identification
and monitoring of major risks. In accordance with
the Group’s Code of Ethics, compliance is one of
the key objectives of these three policies.
A description of the Group’s internal control and
risk management system is given in the Chairman’s
report in the Legal and Financial Information section
of this document.
Management
Bouygues SA pays particular attention to Group
management, taking steps to encourage exchanges
and share experience between support structures
and businesses, motivate staff and develop
team spirit within the Group. The main actions in
this sphere in 2011 are described in The Group
section of this document, under Corporate, social
and environmental responsibility.
Services rendered
to subsidiaries
As well as being responsible for the overall management
of the Group, Bouygues SA provides a
range of general and expert services to Group
businesses in areas such as finance, communications,
sustainable development, corporate sponsorship,
new technologies, insurance, legal affairs
and human resources. For that purpose, Bouygues
SA and the main Group companies conclude
annual agreements under which each business
area can call on general and expert services as
necessary. The amounts invoiced for such services
in 2011 are shown in Financial flows below and in
the Auditors’ report on regulated agreements in
the Combined Annual General Meeting of 26 April
2012 section of this document.
Alstom
Bouygues held 30.75% of Alstom’s shares and
voting rights at 31 December 2011.
The AMF amended its regulations governing
tender offers on 31 January 2011. Inter alia, the
threshold for triggering a mandatory tender offer
was reduced from one-third to 30% of the capital or
BOUYGUES • 2011 Registration Document • BUSINESS ACTIVITIES AND CSR • Bouygues SA • 128