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Expert Corporate Governance Service (ECGS)
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BIC - AGM and EGM 22 May 2019

GOVERNANCE

In May 2018, Bruno Bich resigned as Chairman and Chief Executive Officer and was replaced by his son, Gonzalve Bich, as Chief Executive Officer and Pierre Vareille as Chairman of the Board. As a result, the functions of Chairman and Chief Executive Officer are now separated, allowing us to support the renewal of Gonzalve Bich (resolution 6).

 However, we will not support the appointment as a member of the Board of Marie-Aimée Bich-Dufour, Deputy CEO until 31 March 2019, because it is not sufficiently independent and because the Bich family is slightly over-represented on the Board (resolution 9).

Underlying
Societe BIC

Societe BIC designs, manufactures and distributes the following consumer products: stationery products, lighters, shavers, and other products. Its stationery products include writing instruments such as ball pens, felt pens, mechanical pencils; marking instruments; coloring and drawing instruments; correction instruments and glues. Co.'s stationery products are sold under the BIC® Kids, Tipp-Ex®, Wite-Out®, Sheaffer® and PIMACO® brands. Its other products segment includes promotional products including notebooks, key rings, magnets, and drinkware; Sport sales (surfboards, windsurf boards, kayaks and sailboats); adhesive labels and adhesive raw materials.

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Proxinvest
Proxinvest

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Expert Corporate Governance Service (ECGS)

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