2020 Universal registration document and annual financial report - BNP PARIBAS 53
2CorPorate GovernanCe and internal Control
2
Report on Corporate governance
1.e Directors attendance at Board and Committee meetings in 2020
Director Board of directors Specialised committees
Individual attendance rates
J. LEMIERRE 100% 100%
J.-L. BONNAFÉ 100% 100%
J. ASCHENBROICH 100% 100% 100%
P.-A. de CHALENDAR 100% 100% 100%
M. COHEN 92% 100% 97%
W. DE PLOEY 100% 100% 100%
H. EPAILLARD 100% 100% 100%
R. GIBSON-BRANDON 92% 100% 96%
M. GUILLOU 100% 100% 100%
D. KESSLER 100% 100% 100%
D. SCHWARZER 100% 100% 100%
M. TILMANT 100% 100% 100%
S. VERRIER 100% 100% 100%
F. WICKER-MIURIN 100% 100% 100%
Average 99% 100%
2. THE WORK OF THE BOARD AND COMMITTEES IN 2020
2.a The work of the Board in 2020
Meetings Including extraordinary meetings Average attendance
rate Strategy seminar
12 2 99% 1
The Board of directors, which determines BNP Paribas strategy and overall business objectives based on proposals submitted by Executive Management and with the aim of promoting long-term value creation in the light of social and environmental issues:
■ monitored the last year of the implementation of the 2017-2020 transformation plan, marked by the Covid-19 health crisis. The results of the first nine months of the year demonstrate the strength of the Group s diversified and integrated model; the increase in the cost of risk is under control and the solvency ratios are higher than the requirements of the supervisors;
■ in this unprecedented context, the Board of directors:
■ closely monitored the Bank s operational, business and human resources situation, as well as the impact in terms of risks;
■ proposed to reserve the full dividend for 2019 at the 2020 Annual General Meeting in accordance with the recommendations of the ECB;
■ decided to hold the Annual General Meeting of 19 May 2020 behind closed doors as part of the measures taken by the government to simplify and adapt company law relating to the holding of General Meetings due to the health crisis;
■ considered that the variable compensation structure for corporate officers and significant risk takers met the ECB s wish for moderation stated in its press release of 28 July 2020;
■ approved the draft response to the ECB s letter received on 4 December 2020 on the identification and measurement of credit risk in the context of the health crisis;
■ examined the Group s budget for the financial year 2021;
■ acknowledged the achievements of the year 2019 and the outlook for 2020 in terms of the Bank s CSR policy, under the aegis of the 17 United Nations Sustainable Development Goals, in particular the two major commitments made by the Group in 2019 to fight against global warming and protect biodiversity;