In accordance with the rules and guidelines contained in the Code, the governance framework of WEB SA’s activities is specified in a Corporate Governance Charter.

In addition, WEB SA’s Corporate Governance principles are set by the Board of Directors in a number of documents (only available in French version):

GOVERNANCE CHARTER

CODE OF CONDUCT

GUIDELINES OF THE BOARD OF DIRECTORS

GUIDELINES FOR THE AUDIT COMMITTEE

GUIDELINES EFFECTIVE MANAGERS

GUIDELINES OF THE NOMINATION AND REMUNERATION COMMITTEE

The corporate governance structure includes:

The management bodies, namely:
- Sole Administrator of WEB SA: WEPS SA.;
- Board of Directors and Effective Managers of WEB SA;
- Audit Committee.

Supervisory bodies, both external and internal:
- internal: Audit Committee, Internal Audit;
- external: Statutory Auditor, Property Experts.

Sole Administrator

WEB SA is managed by its Sole Administrator WEB Property Services (or in abbreviated form WEPS SA), appointed in the Articles of Association for an indefinite period.

Statuts

Board of Directors

Mission

The Board of Directors decides on WEB SA’s strategy and objectives, the guidelines for achieving them and the level of acceptable risk. It is responsible in particular for:

Property strategy,
Financial strategy,
Staff policy,
Financial and regulatory information.

Composition

The Board of Directors consists of at least five (5) Directors, who may or may not be shareholders, including at least three (3) independent Directors
Currently, it consists of seven (7) Directors including one (1) nonexecutive Director, three (3) independent non-executive Directors and three (3) Executive Directors.

Daniel Weekers

Président du Conseil d'Administration, Administrateur non exécutif

Valérie Wagner

Vice-présidente du Conseil d'Administration, Administrateur exécutif (HMS)

Jacques Peters

Président du Comité d'audit, Administrateur non exécutif, indépendant

Jean-Jacques Cloquet

Administrateur non exécutif, indépendant

Cléonice Mastrostefano

Aministrateur non exécutif, indépendant

Laurent Wagner

Administrateur exécutif (CEO)

Caroline WAGNER

Administrateur exécutif (CAO)

Audit Committee

Mission

Although not legally obliged to do so, the Board of Directors of WEB SA has decided to set up an Audit Committee. The Audit Committee’s mission consists of ensuring the accuracy of financial statements and accounting information intended for the Board of Directors, Shareholders and third parties within the financial world.

Composition

Jacques Peters

Président du Comité d'audit, Administrateur non exécutif, indépendant

Jean-Jacques Cloquet

Administrateur non exécutif, indépendant

Cléonice Mastrostefano

Aministrateur non exécutif, indépendant

Nomination and Remuneration Committee

Daniel Weekers

Président du Conseil d'Administration, Administrateur non exécutif

Jacques Peters

Président du Comité d'audit, Administrateur non exécutif, indépendant

Jean-Jacques Cloquet

Administrateur non exécutif, indépendant

Effective Managers

Mission

The Executive Management is made up of persons having the status of Effective Manager within the meaning of the applicable legislation; the Effective Management is entrusted to at least two natural persons, who are appointed by the Board of Directors.

Currently, four (4) individuals are appointed as such within the Company.

Composition

Laurent Wagner

Administrateur exécutif (CEO)

Caroline WAGNER

Administrateur exécutif (CAO)

Antoine TAGLIAVINI

CFO

Laurent VENSENSIUS

CTO

The role of the effective Managers as well as the distribution of tasks are described in the WEB’s Governance Charter and i the Effective Managers’s guidelines.