Ubisoft 2003 Annual Report Download - page 112

Download and view the complete annual report

Please find page 112 of the 2003 Ubisoft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

FINANCIAL REPORT
2004
112
5.1
Group Management and Composition
of the Board of Directors
- Chairman and Chief Executive Officer Mr. Yves Guillemot
- Vice Presidents Mr. Claude Guillemot (Operations)
Mr. Michel Guillemot (Development – Strategy and Finance)
Mr. Gérard Guillemot (Publishing and Marketing)
Mr. Christian Guillemot (Administration)
The Board of Directors enjoys the most far-reaching powers to determine the policies guiding the business and ensures that
they are implemented within the limits of the corporate purpose and the powers expressly granted by law to General Meetings.
The company’s administration is entrusted to a Board of Directors consisting of six members who have a renewable term of
six years.
Pursuant to Article L. 225-51 of the French Commercial Code, at its meeting of October 22, 2001 the Board of Directors
established the manner in which the company’s general management would carry out its duties. It decided not to separate the
duties of the Chairman of the Board of Directors from general management duties.
As a result, the statutory mission of Mr. Yves Guillemot, in his capacity as Chairman of the Board of Directors, is to represent
the company’s Board of Directors, to organize the work and report to the General Shareholders’ Meeting, to ensure the proper
functioning of the company’s corporate bodies and, in particular, to see to it that the directors are fully capable of performing
their duties. As a member of general management, conditional upon the powers granted by law to General Shareholders’
Meetings and the Board of Directors, he enjoys the most far-reaching powers to act in all circumstances on behalf of the company
and to represent it in its relations with third parties.
The conditions under which the work of the Board is prepared and organized, as well as internal audit procedures, are dealt
with – in accordance with Article L. 225-37 of the French Commercial Code – in a specific report issued by the Chairman of
the Board of Directors.
Additional management information:
Managing Director, EMEA Territories: Alain Corre
Managing Director, North America: Laurent Detoc
Chief Financial Officer: Alain Martinez
Managing Director, International Production: Christine Burgess-Quemard
Editor-in-Chief: Serge Hascoet
5. Corporate
governance