Ubisoft 2013 Annual Report Download - page 182
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Governance and Internal Control
2013
177
MAIN ISSUES ADDRESSED DURING THE FINANCIAL 1.3.2
YEAR/PROCEEDINGS OF THE BOARD OF DIRECTORS
During the financial year, the Board of Directors mainly focused on:
- examining Ubisoft’s strategic issues;
- examining and approving the corporate and consolidated financial statements for the year ended
March 31, 2012, and the interim consolidated financial statements of September 30, 2012;
- establishing forecast management statements;
- financial information/management reports;
- examining regulated agreements in accordance with Article L. 225-38 of the French Commercial
Code;
- preparing the Combined General Meeting of September 24, 2012, (agenda, draft resolutions,
reports for this meeting);
- implementing the authorizations granted by the Shareholders’ Meeting, in particular as regards
employee shareholding and “financial” authorizations;
- renewing the authorization granted to the Chief Executive Officer to grant securities, sureties and
guarantees on behalf of the Company;
- establishing corporate governance policies and updating the by-laws of the Board of Directors
and its committees;
- implementing the share buyback program;
- studying its committees’s reports (the Strategy and Development Committee and the
Compensation Committee).
In accordance with Article L. 823-17 of the French Commercial Code, the auditors were invited to
attend the Board meetings approving or examining the financial statements.
The Board of Directors met 12 times during the financial year 2012/2013, with an attendance rate of
73%.
INFORMATION TO DIRECTORS 1.3.3
The Chairman and Chief Executive Officer provides the directors with the information and
documentation necessary for them to carry out their duties and to prepare meetings in accordance
with Article L. 225-35 of the French Commercial Code.
Each director may independently obtain additional information from the Chairman and Chief Executive
Officer, who is available at all times to provide relevant information and explanations to the Board of
Directors.
Directors are bound by a duty of confidentiality as regards confidential information that is provided as
such by the Chairman of the Board of Directors.