appended to the Board of Directors’ report submitted to the Annual Shareholders’ Meeting on April 30, 2015. It notably took into account the November 5, 2013 report of the AMF on the implementation of these provisions. The Committee also reviewed the company’s 2015 budget as well as the 2015 revenue and income scenarios, together with the macroeconomic assumptions, serving as the basis for the information communicated to the market. The Committee has not identiﬁed any operations liable to give rise to a conﬂict of interests. Finally, the Committee reviews and discusses with the Statutory Auditors the scope of their engagement and their fees, and ensures that these are sufﬁcient to enable them to exercise a satisfactory level of control: each Group company is subject to an annual veriﬁcation, usually carried out by a local member of the Statutory Auditors’ ﬁrms, and a limited review is conducted on the half-year reporting package of the main subsidiaries. At each meeting the Committee invites them to report on their control program and on new areas of risk they may have identiﬁed in the course of their work, and it discusses the quality of accounting information with them. Once a year, it receives from the Statutory Auditors a report prepared exclusively for its attention on the ﬁndings of their audit of the company and consolidated accounts for the year ended, and conﬁrming the independence of their companies in accordance with the French Code of professional conduct and the August 1, 2003 (French) Financial Security Act. The Committee dedicated, on January 7, 2015, a working meeting with the Statutory Auditors and the ﬁnance team to the presentation of their overall auditory approach, a review of controls of information systems, the management of risks and recommendations on internal controls, and ﬁnally the results of auditory work on payroll conformity. The AFEP-MEDEF Code recommends that, when selecting or renewing the Statutory Auditors, the Committee should propose the selection procedure to the Board, and in particular if there is reason to issue a call for tenders. The Committee then supervises the call for tenders, approves the list of requirements and the shortlist of audit ﬁrms consulted, taking care to select the “best bidder” and not the “lowest bidder”.