(Re-election of a Director)
The Annual General Meeting, in accordance with the quorum and majority requirements applicable to Ordinary General Meetings, re-elects Michel Tilmant as Director for a three-year term expiring at the end of the Ordinary General Meeting called in 2019 to approve the 2018 financial statements.
Presentation of the resolution
In the eighth resolution, the shareholders are asked to renew the term of office of Jean-Laurent Bonnafé, Marion Guillou and Michel Tilmant (see biography on page 36).
This term would be renewed for a period of three years, and would therefore cease at the end of the Ordinary General Meeting called in 2019 to approve the financial statements for 2018.
A graduate of Université de Louvain, Michel Tilmant (aged 63) started his career in 1977 in the banking industry. He was appointed Chairman of the Board of directors of ING Bank in January 2000, then Chairman of the Board of directors of ING Group in 2004. The Board of directors believes that the professional achievements of Michel Tilmant and the dedication he has shown in his Director’s duties and in his work within the Internal Control, Risk Management and Compliance Committee qualify him to continue to hold the position of Director within the BNP Paribas Board of directors. The Board of directors believes that the composition of BNP Paribas’ share capital and the absence of potential conflicts of interest guarantee the independence of Michel Tilmant.
Remarks concerning the membership of the Board of directors: please refer to the sixth resolution.