LensCrafters 2013 Annual Report Download - page 87

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3: OTHER PROVISIONS OF THE CODE OF CONDUCT
YES NO Summary of the grounds for possible divergence from
the Code’s recommendations
Granting of authorities and transactions with related parties
The Board of Directors granted authorities defining their:
a) limits YES
b) conditions of exercise YES
c) and frequency of reporting? YES
Did the Board of Directors reserve the right to review and approve
the transactions involving a significant economic, asset or
financial relevance (including transactions with related parties)?
YES
Did the Board of Directors define guidelines and criteria for the
identification of “significant transactions”? YES
Are the above-mentioned guidelines and criteria described in the
Report? YES
Did the Board of Directors define specific procedures for the
review and approval of the transactions with related parties? YES
Are the procedures for the approval of transactions with related
parties described in the report?
YES
Procedures of the most recent appointment of Directors and
Auditors
Were the candidacies for the office of director submitted at least
ten days in advance? YES
Were the candidacies for the office of director accompanied by
extensive information? YES