Page 13 - CODIC 2017/2018 Annual Report

DAY-TO-DAY MANAGEMENT

The daily manager appointed by the Board of Directors is Mr Thierry Behiels.

In addition to the responsibilities legally assigned to the daily manager, he also:

• chairs the Executive Committee,
• directs the work thereof and
• ensures that the company’s strategy and general policy, as decided upon by the
Board of Directors, is implemented, and fulfils any specific assignment given to
him by the Board of Directors.

INVESTMENT COMMITTEE

This Committee is responsible for analysing proposed acquisitions by the Codic Group as
suggested by the General Managers, in order to make a recommendation to the Board of
Directors, which then uses said recommendation to take a decision.

The members of the Investment Committee are appointed by the Board of Directors:

Mr Thierry Behiels Chairman – CEO of Codic International
Mr Evrard de Montgolfier Member representing Europe Invest
Mr Hervé d’Halluin Member representing Europe Invest
Mr Hervé Bodin CFO of Codic International
Mr Christophe Jacobs General Manager of Codic Belgium
Mr Christophe Sirot General Manager of Codic France
Mr Philippe Weicker Advisor to the CEO

AUDIT COMMITTEE

This Committee is responsible for monitoring the company’s accounts as well as those of
its subsidiaries (both social and consolidated), for analysing the rules of evaluation and
the internal audit system, for suggesting a nominee for auditor, for supervising ongoing
disputes and for working with the auditor on external audits.

The Audit Committee consists of three members of the Board of Directors:

Mr Rémy Husson Chairman
Mr Evrard de Montgolfier Member
Vincent Doumier SPRL Member
Represented by Mr Vincent Doumier

Deloitte Réviseurs d’Entreprises S.C. s.f.d. SCRL Auditor
Represented by Mr Didier Boon
End of term: 2020

Codic Annual Report 2017/2018 11