6. CORPORATE GOVERNANCE 6.1 Particular features of the partnership limited by shares Rubis is a partnership limited by shares, under French law, governed by Articles L. 226-1 to L. 226-14 of the French Commercial Code and, insofar as they are compatible with the aforementioned articles, by the provisions relating to ordinary limited partnerships and public limited companies, with the exception of Articles L. 225-17 to L. 225-93. Within this legal framework, the Company is also governed by its by-laws. The law and Rubis’ by-laws make the partnership limited by shares a modern structure, adapted to the principles of good corporate governance: • clear separation of powers between Management, which governs corporate affairs, and the Supervisory Board, which is appointed by the shareholders and is responsible for overseeing both the management and the accounts as well as risk-monitoring procedures; • the unlimited personal liability of the Partner, proving the appropriate match between commitment of assets, authority and responsibility; • the awarding to the Supervisory Board of the same powers and rights of communication and investigation as those granted to the Statutory Auditors; • shareholders’ right to oppose the appointment of a candidate for Management when he or she is not a General Partner. Rubis’ Culture: A highly decentralized mode of management, with a fair balance between subsidiary and head office, all in an entrepreneurial spirit. A precise, steady strategy that remains loyal to the Rubis model (notably, niche markets, leadership positions, infrastructure and supply expertise). Rubis’ Managing Partners: Natural leaders, involved, approachable, respectful of differing opinions. Arnaud Havard, Managing Director, Rubis Energia Portugal 110 RUBIS /// 2016 REGISTRATION DOCUMENT
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