(Special report of the Statutory Auditors on related party agreements and commitments falling within the scope of articles L.225-38 et seq. of the French Commercial Code)
The Annual General Meeting, acting in accordance with the quorum and majority requirements applicable to Ordinary General Meetings, acknowledges the special report prepared by the Statutory Auditors on related party agreements and commitments falling within the scope of articles L.225-38 et seq. of the French Commercial Code.
Presentation of the resolution
In the context of the day-to-day operation of a company, and especially when this company is the main element in a group of companies, agreement may be made directly or indirectly between it and another company with which it has the same executives, or between the company and its executives or with a shareholder holding more than 10% of the capital. These agreements are authorised in advance by the Board of Directors and must be approved by the Shareholders’ Meeting after the Statutory Auditors’ special report has been heard in accordance with articles L 225-38 et seq. of the Commercial Code; this is the purpose of resolution four. Concerning BNP Paribas, no new agreement was concluded during the 2012 period except that which is the purpose of resolution five set out below.