ESG issues are becoming increasingly and class actions. BEHAVING AS WE EXPECT OTHERS TRAINING AND COORDINATION TO BEHAVE... Naturally, the BNPP AM business governance structure As the strategy guidance body of the BNPP AM is not limited solely to that of BNPP AM Holding. business, the BNPP AM Holding Board of Directors As regulated entities, the operational local asset also has responsibility for key issues, including its management and investment companies have their strategies and performance, business development, legal framework applying to them. So since the end of major regulatory reforms, systems, digitalisation, 2016, European asset management companies with transformation and cyber security. ESG issues are UCITS licences must have two independent directors (or at least one-third of the board) when their equity capital is controlled by a banking group of which the class actions. The result is even closer links with the custodian they use is also a member. Which is the business Corporate Governance teams, which put case with us. The arrival of these new independent our voting policy into action with the issuers of the directors within our business governance structure has securities that make up our portfolios. This is because required a special level of input in terms of training it would be unreasonable for BNPP AM to demand (familiarity with our organisational structure, systems that they behave and apply business practices that and methods) and coordination. The challenge lies between the various boards of directors to release the synergies generated by pooling the resources, policies and practices of our business in accordance with local regulatory requirements and governance best practices. 2011 The year in which an Audit & Risk Committee was formed in accordance with governance best practice. 26