Corporate Governance

The Audit and CSR Committee assists the Supervisory Board in its task of continuous oversight of the Company’s management.

FUNCTIONS

The Audit and CSR Committee monitors issues related to:

• the process of preparing financial information;
• the development of accounting and financial control systems, as well as risk management;
• the appointment or renewal of the Company’s Statutory Auditors in accordance with the procedures in force. It also monitors their work and ensures compliance with their conditions of engagement;
• the rules for approval, delegation and monitoring of services other than the certification of financial statements performed by the Statutory Auditors.

The members of the Audit and CSR Committee have access to the same summary documents as the Statutory Auditors.

Since it was established, the Audit and CSR Committee has met at last twice a year.

COMPOSITION

Rubis’ Audit and CSR Committee is composed of four members of the Supervisory Board, three of whom are qualified as independent. Thus the rate of independence of the Audit and CSR Committee is 75%. It is chaired by an independent member who has a casting vote.