APC 2004 Annual Report Download - page 41

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39
Appointed Appointed
expires
Statutory auditors
Barbier Frinault et Autres / Ernst & Young
41, rue Ybry - 92576 Neuilly-sur-Seine Cedex
represented by Pierre Jouanne and Christian Chochon 1992 2010
Mazars & Guérard
Le Vinci - 4 allée de l'Arche - 92075 La Défense Cedex
Represented by Jean-Louis Simon and Pierre Sardet 2004 2010
Substitute auditors
Charles Vincensini 2004 2010
Philippe Diu 2004 2010
Fees paid to the Auditors and members of their networks in 2003 and 2004
(
€
thousands)
Barbier Frinault Mazars Total
et Autres &
Ernst & Young Guérard
2004 % 2004 % 2004 % 2003 %
Audit
- Statutory accounting, certification,
review of individual and
consolidated financial statements 5,816 90% 3,170 93% 8,986 91% 8,694 53%
- Related engagements 184 3% 192 6% 376 4% 7,052 43%
Sub-total 6,000 93% 3,362 99% 9,362 95% 15,746 97%
Other services
- Legal, fiscal and labor issues 476 7% 30 1% 506 5% 566 3%
Total 6,476 100% 3,392 100% 9,868 100% 16,312 100%
8
Auditors
On the Audit Committee's recommendation, the
Board of Directors decided on December 11, 2003
to limit services provided by the Auditors or units
belonging to their networks to audit and audit-related
engagements.
Total audit fees billed from each audit firm for these
engagements must not exceed 25% of total fees billed
for statutory accounting. Audit-related engagements
must be authorized by the Audit Committee Chairman
if they exceed 200,000 or by the Executive Vice-
President, Finance.
Shareholders' rights
and obligations
Annual Shareholders' Meetings
(article 18 of the bylaws)
All shareholders are entitled to attend Annual
Meetings, regardless of the number of shares held.
The notice of meeting is sent directly by the Company
to holders of registered shares. Holders of bearer
shares are sent the notice of meeting by the bank or
broker that holds their share account. Holders of both
registered and bearer shares are required to provide
evidence of their ownership of the shares at the time
of the Meeting.
The following represent proof of ownership:
Registered shares: an entry in the Company's share
register, made at least five days prior to the date of the
Meeting.
9
Corporate Governance