audit committee

Audit Committee members are appointed for their financial and/or accounting skills, assessed with particular regard to their past career (positions held in general or financial management or in an audit firm), academic background or specific knowledge of the Company's business.

At 31 December 2021, three-quarters of the Audit Committee members were independent. Between 30 June and 31 December 2021, the Audit Committee met three times with a 100% attendance rate.

The main tasks of the Audit Committee are:

monitoring the financial reporting process and, where appropriate, making recommendations to ensure its integrity;

examining the draft annual and half-yearly parent company and consolidated financial statements of Lagardere SA (the "Company") and its subsidiaries (together referred to as the "Group" or the "Lagardère Group") before they are submitted to the Board;

ensuring the relevance and consistency of the accounting methods and principles adopted for the preparation of the Company's consolidated and parent company financial statements, and the quality, completeness, accuracy and fairness of the financial statements;

monitoring the effectiveness of the internal control and risk management systems, and where appropriate the internal audit, with respect to procedures relating to the preparation and processing of accounting and financial information;

■ ensuring the existence and reliability of internal control procedures, particularly with regard to risk exposure, including social and environmental risks;

■ to issue a recommendation on the Statutory Auditors proposed for appointment by the General Meeting or for renewal, as well as on their remuneration;

■  ensure that a corruption prevention and detection system is in place;

■  to examine the agreements between Group companies and the Company's managers;

■ to ensure the independence of the Statutory Auditors.

The main work of the Audit Committee are:

■ reviewing the half-year and third quarter 2021 financial statements;

■ reviewing the 2021 Interim Financial Report;

■ reviewing the 2021-2022 financial communication calendar;

■ reviewing the financial reporting processes;

■ reviewing the cash management policy;

■ reviewing the organised oversight of risk and internal control within the Group, the Group's risk map and internal control systems, the results of the internal control self-assessment and the progress of the compliance programs;

■ reviewing the work of the internal Audit Department and the 2022 audit plan;

■ reviewing information systems security: the 2021 status report and the programme progress report;

■ review of summary of financial commitments analysis approved by the Financial Committee for Lagardère Publishing;

■ reviewing the Group's litigation/disputes;

■ recommending to the Board the selection of a Statutory Auditor to replace Ernst & Young et Autres;

■ reviewing the 2022-2024 budget/business plan.

In addition, at each of its meetings, the Audit Committee followed up on financing issues, savings plans, key performance indicators of the Group and of the divisions, analyst consensus and pre-approved non-audit services.

The Audit Committee meetings were attended by the Group Secretary General and Committee Secretary, the Chief Financial Officer, the Head of Risk Management, Compliance and Internal Control, the Internal Audit Director, the Accounting Director, the Group Management Control Director and the Statutory Auditors. Depending on the issues discussed, other executives were asked to provide input on an as-needed basis, including the Group IT Director, the Head of the Legal Department, the Head of Financing and Investor Relations, and the divisions' management, as well as certain members of their teams.

► The Audit committee is composed of:

> Véronique Morali* , Chairman of the Committee


> Virginie Banet*

> Valérie Bernis*

> Fatima Fikree


* Independent Director.

Diary

Third-quarter 2022 revenue

Thursday, 27 October 2022

Message from the Chairman and Chief Executive Officer

"The conversion of Lagardère SCA into a joint-stock company (société anonyme) with a Board of Directors in 2021 marked a new chapter in the Group's history. Our governance is now characterised by a calm and constructive relationship with our main shareholders, which reinforces the integrity and durability of our Group..."
Learn more

The group's activities

Created in 1992, Lagardère is an international group with operations in more than 40 countries worldwide. It employs around 27,000 people and generated revenue of €5,130 million in 2021.
The Group is structured around two priority divisions.

 

Learn More

Financial information

The group's financial results, stock price, latest news, the calendar of upcoming events... Access all financial information related to Lagardère.