2006 - Interparfums

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corporate governance the board of directors 49 the management committee 51 chairman’s report on the work of the board and internal control 51
1. corporate governance Inter Parfums adopted the form of a société anonyme, the French equivalent of a joint stock company, when it was created in 1989. It is governed by a Board of Directors and a Management Committee. The Board of Directors In spring 2004, the company strengthened the Board of Directors, up until then with four members, by appointing new board members for renewable six year terms to benefit from their additional expertise and experience. On December 31, <strong>2006</strong> the Board of Directors had 10 members. In line with recommendations applicable in France on corporate governance of the AFEP-MEDEF report, the board ensures the presence of independent directors subject to the following conditions: ■ the director is not an employee or corporate officer (mandataire social) of the company, nor an employee or director of its parent company or of one of its consolidated subsidiaries, and has not been one during the previous ive years, ■ the director is not a corporate officer of a company in which the company holds, either directly or indirectly, a directorship, or in which a directorship is held by an employee of the company designated as such or by a current or former (going back five years) corporate officer of the company, ■ the director is not a supplier, investment or commercial banker of the company or any company included in the scope of consolidation, ■ the director does not have any close family ties with a corporate officer of the company, ■ the director has not been an auditor of the company over the past five years, ■ the director has not been a director of the company for more than 12 years, and ■ the director does not have any legal ties with a shareholder owning directly or indirectly more than 10% of the share capital or voting rights. On the basis of these criteria, the board includes two independent directors, Maurice Alhadève and Michel Dyens. Composition of the board and profiles As of December 31, <strong>2006</strong> the composition of the Board of Directors was as follows: Philippe Benacin, Chairman and Chief Executive Officer of Inter Parfums (appointment renewed April 23, 2004, expiring at the close of the 2010 annual shareholders' meeting). Philippe Benacin, 48, a graduate of the ESSEC business school and cofounder of the company with his partner Jean Madar, has served as Chairman and Chief Executive Officer of Inter Parfums S.A. since its creation in 1989. 49
Page 3 and 4: another major step forward contents
Page 5: these included the signature of two
Page 9 and 10: 51.7 non- current assets 127.5 curr
Page 11: Since it was listed on the EuroNext
Page 15 and 16: Fiscal 2006 represented another maj
Page 17 and 18: P H Y A portfolio of prestigious in
Page 19: The creation and marketing of each
Page 22 and 23: 2006 annual report inter parfums bu
Page 24 and 25: 2006 annual report inter parfums la
Page 26 and 27: Éclat d’Arpège 2002 2006 annual
Page 28 and 29: 2006 annual report inter parfums pa
Page 30 and 31: 2006 annual report inter parfums s.
Page 32 and 33: 2006 annual report inter parfums ch
Page 34 and 35: 2006 annual report inter parfums ni
Page 36 and 37: 2006 was a banner year for Burberry
Page 38 and 39: international markets accounting fo
Page 40 and 41: T H E M A R K E T new growthin thes
Page 42 and 43: sustainable development social resp
Page 44 and 45: OPERATING ORGANIZATION AT MARCH 1,
Page 47 and 48: team spirit, motivation and commitm
Page 49: to hedge its exposure from operatio
Page 53 and 54: 2. management committee Mission The
Page 55 and 56: The system of monthly reporting imp
Page 57 and 58: control to obtain a description of
Page 59 and 60: Directors’ fees Directors fees ar
Page 61 and 62: 2. Information on options granted t
Page 63 and 64: CONSOLIDATED INCOME STATEMENT In
Page 65 and 66: Shareholders’ equity and liabilit
Page 67 and 68: STATEMENT OF CASH FLOWS In € thou
Page 69 and 70: 1. accounting principles 1.1 Genera
Page 71 and 72: At the end of every year, these sta
Page 73 and 74: 3. notes to the balance sheet 3.1 T
Page 75 and 76: 3.7 Marketable securities and fixed
Page 77 and 78: 3.12 Deferred tax Deferred taxes ar
Page 79 and 80: 4.4 Administrative expenses In €
Page 82 and 83: shareholder information statutory I
Page 84 and 85: 2. capital stock 1. Three-year hist
Page 86 and 87: 3. resolutions submitted to the com
Page 88 and 89: The purpose of this authorization i
Page 90 and 91: - charge all costs to paid-in capit
Page 92: completion of the capital reduction
Page 95 and 96: 1. Auditors The statutory auditors

2006 - Interparfums

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