(Re-election of a Director)
The Annual General Meeting, in accordance with the quorum and majority requirements applicable to Ordinary General Meetings, re-elects Mr Denis Kessler as Director for a three-year term expiring at the end of the Ordinary General Meeting called in 2018 to approve the 2017 financial statements.
Presentation of the resolution
The seventh resolution asks the Meeting to renew the terms of office of Mr Denis Kessler (see biography pages 32).
Mr Denis Kessler, 63 years old, is Chairman and Chief Executive Officer of SCOR SE. He has been a member of the Bank’s Board of Directors since the Annual General Meeting of 23 May 2000. During the period of more than 12 years that Denis Kessler has sat on the Board, he has served under three successive CEOs, each having managed the Bank in accordance with his own personality and his own methods and practices. The current CEO has held the position for just three years. Accordingly, the Board deems that Denis Kessler’s critical faculties are renewed with each effective change of management, thereby guaranteeing his independence. The Board of Directors has also taken into account the financial competence of Mr Denis Kessler (doctorate in Economics and graduate of the École des Hautes Etudes Commerciales), invaluable to the understanding of banking operations. Mr Denis Kessler is Chief Executive Officer of one of the top ranking European reinsurance companies. Within the Board of Directors of BNP Paribas; Mr Denis Kessler is Chairman of the Accounts Committee.