Annual report 2014

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3 Information about the Company | Corporate Governance | Reports
4.1.4. Conditions for the Holding of Vivendi Shares by Management Board Members and Corporate Officers
Conditions for the holding of Vivendi shares by members of the
Management Board and Corporate Officers are detailed in Sections 3.4.9
and 3.4.10 of Chapter 3 of this Annual Report.
4.1.5. Terms and Conditions Governing Shareholder Attendance at General Meetings
Each shareholder has the right to cast a number of votes equal to the
number of shares it owns or represents at all shareholders’ meetings.
For a description of the terms and conditions governing shareholders’
attendance at General Meetings, see Section 2.1.4 of Chapter 3 of this
Annual Report.
4.2. Vivendi’s Equal Opportunities Policy
At its meeting held on November 14, 2014, the Supervisory Board
discussed gender equality within the group, following a review of the
Corporate Governance, Nominations and Remuneration Committee’s
report on this issue.
In 2014, 35% of employees in the group were women (compared to 38%
in 2013). The percentage of women in management positions of the
Company was 35%, in line with their overall employment rate.
In October 2014, Vivendi participated in a study on the ratio of male to
female Corporate Officers that was carried out among companies of
the SBF 120 by Ethics & Board, an international observer of corporate
governance of publicly traded companies. This study was performed
under the sponsorship of the Ministry of Women’s Rights in France
(Ministère des Droits des Femmes). Vivendi was ranked 78th.
At the Supervisory Board meeting held on December 14, 2011, the
Supervisory Board approved the implementation of a two-fold initiative
to improve gender equality within the group: mentoring and networking.
A status report was prepared and presented to the Supervisory Board
at its meetings held on December 13, 2012, December 11, 2013 and
November 14, 2014.
Launched in 2012, the “Andiamo” network continued its activities
in 2014, with meetings in dedicated sessions and personal development
workshops. These activities gave women in the network the opportunity
to discover inspiring role models and to learn from and share experiences
with researchers, coaches and consultants in relation to issues relating
to leadership positions. The network has approximately 30 members,
composed entirely of women at the same seniority level.
4.3. Internal Control Procedures
Vivendi strives to maintain the highest standards of internal control and
financial disclosure. In 2014, in furtherance of this objective, the Financial
Information and Communication Procedures Committee met six times.
This Committee assists the Chairman of the Management Board and
the Chief Financial Officer to ensure that Vivendi fully complies with its
disclosure obligations to investors, the public and the French regulatory
and market authorities. It is chaired by the General Counsel and Company
Secretary and is comprised of representatives of all the Company’s
corporate operational departments.
This Committee is responsible for the assessment of information Vivendi
is required to make publicly available including: (i) periodic information,
including disclosure of documents to investors and financial markets in
compliance with French financial market regulations, (ii) press releases
related to quarterly financial results and (iii) investors and analysts
presentations.
For a description of the functions and activities of this Committee in 2014,
see Section 3.7 of Chapter 3 of this Annual Report.
148 Annual Report 2014