Ubisoft 2012 Annual Report Download - page 72

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Management Report
2012
67
In its by-laws, the Board of Directors has set out the responsibilities and powers of its various
permanent committees, these being:
the Strategy and Development Committee
the Compensation Committee.
The Committees meet at the behest of their Chairman and may be called by any means. The
Committees may meet at any place and in any way, including by videoconferencing and
teleconferencing. They may only meet validly if at least half their members are present. The Strategy
and Development Committee meets at least twice annually and the Compensation Committee at least
once a year.
The agenda of the meetings is set by their Chairman. The Committees report on their work to the
subsequent Board Meeting in the form of oral statements, opinions, proposed recommendations or
written reports.
The Committees may not unilaterally decide to discuss issues overstepping their terms of reference.
They have no decision-making power but only that of making recommendations to the Board of
Directors.
The main responsibilities of the Strategy and Development Committee and the Compensation
Committee are summarized below:
STRATEGY AND DEVELOPMENT COMMITTEE
COMPENSATION COMMITTEE
Consideration and examination of all decisions
relating to the major strategic, economic,
employment, financial and technological policies
of the Company and Group
Examination, analysis and comparison with market
practices:
examining and submitting proposals on the
compensation of corporate officers (fixed and/or
variable portion)
giving opinions on the general stock option allocation
policy and more specifically the percentage allocated to
managers
proposing an overall amount of directors' fees
approving information given to shareholders in the
annual report on the compensation of managers