Ubisoft 2012 Annual Report Download - page 173

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Governance and Internal control
2012
168
specialized committees.
It was found that there was a generally positive assessment of the Board’s ability to fulfill its mission.
Areas for improvement included:
- the appointment of a woman as independent director with expertise in financial communications,
HR or distribution and knowledge in the world of video games and the Internet, and
- the contribution of non-Board individuals as regards certain items on the agenda such as the
CFO or the Managers.
These two elements will guide the future thinkings of the Board of Directors in order to improve
corporate governance.
1.3.5 BOARD COMMITTEES
The Board of Directors is assisted by two specialized committees: the Strategy and Development
Committee and the Compensation Committee.
Both these committees are comprised exclusively of directors. Committee members are appointed by
the Board of Directors, which also designates each committee’s Chairman.
The responsibilities and specific operating procedures of each committee were specified by the Board
when they were established and were added to the by-laws.
1.3.5.1 STRATEGY AND DEVELOPMENT COMMITTEE
COMPOSITION
The committee has five members: Yves Guillemot, Claude Guillemot, Michel Guillemot, Gérard
Guillemot and Christian Guillemot. Yves Guillemot is the Chairman of the committee.
RESPONSIBILITIES
The committee is responsible for examining and reflecting upon all decisions concerning the major
strategic, economic, corporate, financial and technological policies of both the Company and the
Group.
It may also be asked to study in detail and to provide the Board with an opinion on matters referred to
it, concerning major investments, acquisitions or divestments and disposals.
The committee’s task is to reflect upon the positioning of the Company vis-à-vis the market and, in
particular, to carry out prospective and strategic analyses of the Ubisoft Group’s activities.
WORK DURING THE FINANCIAL YEAR 2011/2012
The Strategy and Development Committee met once during the last financial year, mainly to discuss
the development of the technology market and various forms of product distribution.
The attendance rate at this committee meeting was 100%.
1.3.5.2 COMPENSATION COMMITTEE
COMPOSITION
The committee has three members: Yves Guillemot, Christian Guillemot and Marc Fiorentino. Yves
Guillemot is the Chairman of the committee.