Governance

The Board of Directors

Heurtey Petrochem's Board of Directors determines the Group's business policies and ensures that they are correctly implemented. It currently comprises 8 members, including 3 independents (*):

Committees

The Board of Directors bases its decisions on the recommendations of three specialist Committees, each including at least one independent director.

The Appointments and Remuneration Committee

This committee is composed of Mr. Pascal Barthélemy (Chairman of the Committee), Mr. Jean Deseilligny and Mr. Henri Marion. Its role is to make recommendations to the Board of Directors concerning the appointment and remuneration of the main directors and, more generally, to make pertinent proposals concerning policy and resources for staff remuneration and motivation.

The Audit Committee

This committee is composed of Mr. Henri Marion (Chairman of the Committee), Ms. Claire Giraut and Mr. Georges Picard. Its role is to examine the accounts and annual budgets before they are presented to the Board of Directors, and to assess financial and internal control procedures with a view to reducing the risks inherent in the Group's activity.

The Strategic Committee

This committee is composed of Mr. Dominique Henri (Chairman of the Committee), Mr. Pascal Barthélemy, Mr. Jean Deseilligny and Mr. Jean Sentenac.
The Committee examines the Group's main strategic policies and gives an opinion on decisions to acquire strategic assets, on strategic agreements and on technological and industrial alliances and cooperation.

Management

• Senior Management
  The Executive Committee

Dominique HENRI Chairman and CEO	Jacques MOULIN COO	Grégory MATOUSKOFF Group Financial Director	Françoise PEUGNET Corporate Secretary

• Subsidiary Management
  Group Committee

  Members of the Executive Committee

Dominique HENRI Chairman and CEO	Jacques MOULIN COO	Grégory MATOUSKOFF Group Financial Director
Françoise PEUGNET Corporate Secretary	M. SURESH Managing Director, Heurtey Petrochem India	Stephen LIMPE CEO, Petro-Chem Development USA

Statutory Auditors

PriceWaterhouseCoopers Audit
63 rue de Villiers - 92208 Neuilly sur Seine - France

Conseil, Audit & Synthèse, a member of the Ernst & Young network
5, rue Alfred de Vigny - 75008 Paris - France