The Audit Committee is composed of three independent members of the Board of Directors, Mr. Bernard Kleiner (chairman), Mr. Silvano Pedretti and Mr. Alexis Juan, and one member representing the executive directors, Mr. Nicolas Tommasini. The Audit Committee reviews the Company’s accounting policies and the communication of financial information. In particular, the Audit Committee follows the auditing process, reviews and enhances the Company’s reporting procedures by business lines, reviews risk factors and risk control procedures, analyzes the Company’s group structure, assesses the work of external auditors, examines consolidated accounts, verifies the valuations of real estate assets made by DTZ, markes bonds to market and audits reports.