VIGILANCE AND BALANCE INSPIRE KEYRUS' GOVERNANCE

Board of directors

The Keyrus Board of Directors is a collegial body which collectively represents all the shareholders, and is bound by obligation to act in the best interests of the company in all circumstances. Our Board has established in 2010 an Audit Committee to ameliorate the corporate governance.

Audit Committee

Without prejudice to the authority of the Board of Directors, this Committee is in particular responsible for monitoring the process of preparing financial information, the effectiveness of internal control and risk management systems, the auditing of the annual and consolidated financial statements by the Statutory Auditors, and their independence.

Mr Claude Benmussa, financial expert and former deputy finance director at France Telecom, is the Chairman of the Committee. Two independent administrators are part of the audit committee with Mr Claude Benmussa, financial expert and former deputy finance director at France Telecom, who presides at the meeting, and Mr. Philippe Lansade, former financial analyst and director of the Mergers & Acquisitions department for several major banks.

Risk management framework

Our governance framework ensures that we have a process to identify, measure, and manage risks responsibly. We conduct risk assessments annually at the level of the entity, business segment and business process, leading to effective statutory, policy and process compliances. The Board of Directors is responsible for monitoring risk levels, while the management team oversees the implementation of mitigation initiatives.

For more information on risk factors management carried out by the Keyrus group, please download our last reference document.

Code of conduct

Keyrus has since long developed and adopted a Code of Ethical Business Conduct that applies to all managers and employees of the group. Every employee is responsible for his/ her own actions, and proper business conduct and ethical behavior are fundamental conditions of employment. Any employee, regardless of job or title, who observes or becomes aware of unethical or unlawful activity, is obligated to report such activity immediately.

Employees are also urged to discuss any concerns regarding improper conduct with the appropriate individuals. We believe that our actions should always be guided by our core values of honesty, trustworthiness, integrity, dependability, respect, and citizenship.

Our clients choose to work with us because we provide them with services that drive business value in an ethical, honest and transparent manner, supported by a strong governance framework. Our strict internal controls, business values and focus on controllership help us create enduring client, investors and employees trust.