APC 2006 Annual Report Download - page 57

11. Auditors
12. Shareholders' rights and obligations
Appointed Appointment
expires
Statutory auditors
Ernst & Young et Autres
41, rue Ybry - 92576 Neuilly-sur-Seine Cedex
Represented by Pierre Jouanne and Christian Chochon 1992 2010
Mazars & Guérard
Tour Exaltis - 61, rue Henri Regnault - 92576 Neuilly-sur-Seine 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 2005 and 2006
( € thousands) Barbier Frinault Mazars Total
et Autres &
Ernst & Young Guérard
2006 % 2005 % 2006 % 2005 % 2006 % 2005 %
Audit
- Statutory auditing,
certification, review of
individual and consolidated
financial statements 7,601 80% 6,739 90% 4,800 90% 3,738 93% 12,401 84% 10,477 91%
- Related engagements 1,597 17% 541 7% 360 7% 140 3% 1,957 13% 681 6%
Sub-total 9,198 97% 7,280 97% 5,160 97% 3,878 97% 14,358 97% 11,158 97%
Other services
- Legal, fiscal
and labor issues 245 3% 249 3% 140 3% 136 3% 385 3% 385 3%
Total 9,443 100% 7,529 100% 5,300 100 % 4,014 100 % 14,743 100% 11,543 100 %
On the Audit Committee's recommendation, the Board
of Directors decided on December 11, 2003 and
December 1, 2005 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 1/3 of total fees billed for statutory accounting.
Audit-related engagements must be authorized by the
Audit Committee Chairman if they exceed 500,000 or
by the Chief Financial Officer.
Annual Shareholders' Meetings
(article 18 of the bylaws)
All shareholders are entitled to attend Annual Meet-
ings, 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.
Bearer shares: a certificate issued by the custodian
stating that the shares have been placed in a blocked
account, to be deposited at the address indicated in
the notice of meeting at least five days prior to the date
of the Meeting. The Board of Directors may shorten
these deadlines up until the date of the Meeting, which
may be held at the Company's head office or at any
other location indicated in the notice of meeting.
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