CFM Indosuez Wealth Management Annual Report 2022 36 These Specialised Committees meet 1 to 4 times a year, depending on the matters at hand and the opinions requested by the Board. Their members are appointed by the Board of Directors. These committees have limited decision-making powers and facilitate the Board’s work by providing their opinions. Audit Committee The Audit Committee is responsible for monitoring the financial reporting process and the audit of the annual financial statements. Consequently, and without prejudice to the powers of the Board of Directors, it is responsible for the following tasks in particular: - Monitoring the financial reporting process and, where appropriate, making recommendations to ensure its integrity. - Monitoring and assessing the effectiveness of internal control and risk management systems and, where appropriate, internal audit, in respect of procedures relating to the preparation and processing of accounting and financial information, without prejudice to its independence. - Monitoring of the performance by statutory auditors or audit firms of their assignments, taking into account the findings and conclusions of the competent authority. - Regular reporting to the Board of Directors on the performance of its duties and on the results of the audit, on the way in which the audit contributed to the integrity of the financial information and on the role it played in this process, and prompt reporting of any difficulties encountered. Risk Committee The Risk Committee advises the Board of Directors on matters relating to the Entity's overall risk strategy and risk appetite, both current and future. As a result, the Risk Committee is responsible for the following tasks: - Assisting the Board of Directors when it is monitoring the implementation of the overall strategy by senior management and the head of the risk management function. - Supervision of the implementation of the institution's capital management and liquidity strategies and other relevant risks, such as market risk, credit risk, operational risk (including legal and IT risks) and reputational risk, in order to assess their appropriateness in relation to the approved risk appetite and risk strategy. Appointments Committee The Appointments Committee is responsible for the following tasks: - Identifying and recommending, within the framework of the Crédit Agricole Group's validation rules, suitable candidates to fill vacant seats on the Board of Directors for approval by the Board of Directors or for approval by the General Meeting. - Assessing the balance and diversity of knowledge, skills and experience available to the members of the Board of Directors, both individually and collectively. - Assessing periodically (at least annually) the structure, size, composition and performance of the Board of Directors. Remuneration Committee The Remuneration policy for CFM Indosuez Wealth employees covers both the components of remuneration and the identification of regulated populations and control of risky behaviour. In March each year, the Remuneration Committee examines the principles of the CFM Indosuez Wealth group's remuneration policy and reports on its work to the Board of Directors. 3.4. EXECUTIVE COMMITTEE The members of the Executive Committee are responsible for the operational leadership of business, risk management and monitoring, and ensuring the smooth running of the Bank’s activities. As of 31 December 2022, the Executive Committee had eight members: • Mathieu Ferragut, Chief Executive Officer and Executive Director • Vincent Thomas, Deputy Chief Executive Officer and number two Executive Director • Grégoire Faure, Deputy Chief Executive Officer • Céline Lapaïan, Company Secretary • Sophie Armando, Finance & Strategy Director • Ariel Barugel, Head of Human Resources • Yves Braccalenti, Head of Customer Relations • Stéphane Herpe, Head of Markets, Marketing and Development 3.5. CONSOLIDATED KEY FIGURES (in € million) 31/12/2022 31/12/2021 Change % Shareholders’ equity 379 371 2% Total assets 7,123 6,338 12% NBI 161 129 25% Gross operating income 56 32 75% Net income after income tax 43 29 48%
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