Ubisoft 2009 Annual Report Download - page 7

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1.3.2.2.5Securitiesgrantingentitlementtothecapital(convertibleorexchangeablesecuritiesorsecurities
comprisingsharewarrants).................................................................................................................................48
1.3.2.2.6Sharesubscriptionoptions(plansopenasofMarch31,2010(*)......................................................49
1.3.2.2.7Bonussharegrants(plansopenasofMarch31,2010)....................................................................52
1.3.2.2.8EmployeeshareholdingundertheFCPE(companymutualfund)....................................................53
1.3.2.2.9Securitiesnotrepresentingcapital...................................................................................................53
1.3.2.2.10Vestingrightorrequirementsassociatedwithsubscribedcapitalnotpaidup..............................53
1.3.2.2.11OptionorunconditionalagreementoveraGroupmember...........................................................53
1.3.2.2.12Identificationofsecurityholders....................................................................................................53
1.3.2.2.13Provisionsdelayingchangesincontrol...........................................................................................53
1.3.2.2.14Clauserequiringformalapproval....................................................................................................53
1.3.2.2.15Provisionsregardingcapitalchangeswherethesearestricterthanthoseprescribedbylaw.......53
1.3.2.2.16MarketinCompanyshares.............................................................................................................55
1.3.2.2.17Dividend..........................................................................................................................................56
1.3.2.2.18Entityprovidingsecuritiesservices.................................................................................................56
1.3.2.3Mainshareholders..................................................................................................................................57
1.3.2.3.1Changesinthebreakdownofsharecapitaloverthelastthreefinancialyears...............................57
1.3.2.3.2BreakdownofcapitalandvotingrightsasofApril30,2010.............................................................58
1.3.2.3.3Changeofcontrol..............................................................................................................................61
1.3.2.3.4Shareholders’pact............................................................................................................................61
1.4Corporategovernance...............................................................................................................................62
1.4.1Codeofcorporategovernance........................................................................................................................62
1.4.2MembershipandfunctioningoftheBoardofDirectorsandGroupManagement........................................62
1.4.2.1MembershipoftheBoardofDirectors..................................................................................................62
1.4.2.2Groupmanagement...............................................................................................................................63
1.4.2.3RulesapplicabletotheappointmentandsubstitutionofmembersoftheBoardofDirectors.............63
1.4.2.4FunctioningoftheBoardofDirectors/SeniorManagement................................................................63
1.4.2.5Noconvictionforfraud,involvementinabankruptcyand/orofficialreprimandorcharges...............64
1.4.2.6LoansandguaranteesgrantedtomembersoftheBoardofDirectors..................................................64
1.4.2.7Absenceofpotentialconflictsofinterest..............................................................................................64
1.4.2.8Serviceprovisionagreementswiththeissueranditssubsidiaries........................................................64
1.4.3Membership,roleanddutiesofBoardCommittees.......................................................................................65
1.4.3.1Membershipofcommittees...................................................................................................................65
1.4.3.2RoleanddutiesofBoardCommittees....................................................................................................65
1.4.4OtherofficesheldbyDirectors.......................................................................................................................66
1.4.4.1PositionsheldatMarch31,2010...........................................................................................................66
1.4.4.2Officesexpiredinthelastfivefinancialyears........................................................................................69
1.4.5Compensationofmanagers............................................................................................................................71
1.4.5.1Sharepurchaseandsubscriptionoptionplans......................................................................................74
1.4.5.2Bonussharegrants.................................................................................................................................76
1.4.5.3Compensationandbenefitsowedduetothecorporateofficersleavingtheirposition.......................76
1.4.6TransactionscoveredbyArticleL621‐18‐2oftheFrenchMonetaryandFinancialCodeandArticle222‐15‐3
oftheAMF’sGeneralRegulations................................................................................................................................77
2FINANCIALSTATEMENTS..............................................................................................................78
2.1ConsolidatedfinancialstatementsasofMarch31,2010............................................................................78
2.1.1Balancesheet..................................................................................................................................................78
2.1.2Consolidatedincomestatementbydestination.............................................................................................79
2.1.3Statementofnetincomeandofgainsandlossesrecognizeddirectlyinequity............................................80
2.1.4Consolidatedstatementofchangesinequity.................................................................................................81
2.1.5Cashflowstatement.......................................................................................................................................82