REGISTRATION DOCUMENT - Bourbon

MANAGEMENT REPORT3Corporate GovernanceMr. Christian d’Armand de ChateauvieuxDate of birth: November 9, 1947DIRECTORCousin of the Chairman of the Board of DirectorsFirst appointment: June 29, 1990Date term expires: General Meeting convened to rule on the fi nancialstatements for the fi nancial year ended December 31, 2013Positions held outside the Group- Chairman-CEO of Ch. de Chateauvieux & Associés SAS- Chairman of the Board of Directors of Legrand Filles & Fils SA- Chairman-CEO of Vins Rares SAS- Manager, Les Armands SC- Manager, Everget CapitalPositions that expired in the past five years- Manager, Le Petit Vasouyard SARLA graduate of the IUT in Angers, France, Christian d’Armand deChateauvieux worked initially in the banking sector. He then movedinto the wines business and since 1992 has been head of a Frenchwine distribution group established internationally, with a particularlystrong base in Asia.Mr. Henri d’Armand de ChateauvieuxDate of birth: August 17, 1947DIRECTORBrother of the Chairman of the Board of DirectorsFirst appointment: May 25, 1987Date term expires: General Meeting convened to rule on the fi nancialstatements for the fi nancial year ended December 31, 2013Member of the Nominating, Compensation and GovernanceCommitteePositions held outside the Group- Chairman of Mach-Invest SAS- Director, Sapmer SA- Managing Director of Mach-Invest InternationalPositions that expired in the past five years- Director, Vindémia SASAirline pilot at Air France for over 30 years. As of December 31, 2011,through the companies Mach-Invest and Mach-Invest International,Henri d’Armand de Chateauvieux held 7.73% of the capital ofBOURBON.Mr. Guy DupontDate of birth August 25, 1944INDEPENDENT DIRECTORFirst appointment: June 18, 1999Date term expires: General Meeting convened to rule on the fi nancialstatements for the fi nancial year ended December 31, 2013Member of the Nominating, Compensation and GovernanceCommitteeA doctor of law, Guy Dupont began his career as CEO of localauthorities. He became Chief Executive Offi cer of BOURBON thenChairman of the food companies following BOURBON’s focus onmarine activities. He is currently the honorary Chairman of FEDOM,the federation of overseas companies and Chairman of GIP GERRIand the IRC [innovation relay center].Positions held outside the Group- Chairman of GVS SAS- Chairman of ASR- Chairman of Ink–Oi- Director, French Development Agency- Director, CBo Territoria SA- Director, A.R.T- Director, Sapmer SA- Manager, SCI OrionPositions that expired in the past five years- Director, Boluda Réunion- Director, Brasseries de BourbonBOURBON - 2011 Registration Document 23