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Proactive governance faced with the crisis During the health crisis, the Executive Committee, swinging into action, has particularly appreciated the ongoing support of the Supervisory Board. For example, dividends for the 2019 financial year were able to be distributed in two stages: following the General Assembly, then at the end of the year when there was a fuller picture of the outcome and consequences of the health crisis. Organization of the group Pierre Fabre Foundation Concentrates on its public interest mission Pierre Fabre Participations Appoints the Group’s leaders and controls the management of Pierre Fabre SA in keeping with its founder’s wishes Pierre Fabre SA Supervisory Board As the steward of a long-term strategic vision, the Board approves the Group’s strategy and supervises its implementation Executive Committee As the creator of the Transformation Plan and the manager of its operational implementation, the Committee generates proposals for the sustainability of the company. • 7 members • 2 women • 17 members, including 3 members from Pierre Fabre Participations and 2 employee shareholder representatives Strengthened dialogue The highly collaborative operating methods of the Group’s bodies are evidence of the culture of information sharing that prevails at all levels of the organization. In times of particular economic uncertainty, it is becoming more important to regularly discuss and to share a common vision for the short, medium and long term. Pierre Fabre's governance, which is particularly balanced, has helped the Group through the crisis while staying on course with the Transformation Plan announced in 2019 and its deliverables. • 7 women • 3 committees: Strategic Committee, Audit and Accounts Committee, Nomination and Remuneration Committee This operational success was the result of many constructive exchanges between the bodies, of which more than a hundred took place in 2020 between the Supervisory Board and the CEO. The Supervisory Board adapted to new working methods and assisted the Executive Committee in its decision-making. The company’s governance increased its presence, with regard to employees, through contributions by the CEO on a weekly basis during the first lockdown, and now every two weeks. GOVERNANCE 09