3. Functioning of the Executive Committee

3.1 The Executive Committee meets every two weeks. The Chairman of the Executive Committee sets the agenda for meetings, particularly in accordance with decisions to be proposed to the Board of Directors, and also in relation to proposals from other members of the Executive Committee or other senior executives in areas reserved for it. The agenda also takes due consideration of a programme, drawn up annually by the Committee as a review of strategy in the field of R & D, operations, financial management, management of human resources, communication and of the main risks and challenges facing the Group.

3.2 The documentation required for meetings of the Executive Committee is sent to members through the Committee secretary, three days before the meeting. Copies of the minutes of meetings are sent to the members of the Committee, to the Chairman and Vice-Chairman of the Board of Directors. Decisions are notified to be followed up by the persons concerned within the Group.

3.3 Decisions of the Executive Committee are taken by consensus. In the event of diverging opinions between a majority of the members of the Executive Committee and its Chairman, the Board of Directors pronounces at the request of the Chairman of the Executive Committee.