Reference document 2017

A few words from Christian Boiron 4
1 Presentation of BOIRON group and its businesses 6
1.1 Indicators and key figures 7
1.2 Presentation of BOIRON group and its development 10
1.3 Other information about BOIRON group 18
1.4 Analysis and comments on activities over the period 21
1.5 Risk factors and internal control 33
2 Corporate governance 42
2.1 Corporate governance guidelines and rules 43
2.2 Composition, organization and functioning of the Board of Directors 44
2.3 Authorization to increase or decrease the capital 52
2.4 Factors likely to have an influence in the event of a public tender offer 53
2.5 Compensation of corporate officers 56
3 Employee, environmental and societal information 69
3.1 Employee information 70
3.2 Health Safety Environment 80
3.3 Societal information 92
3.4 Independent third-party report on consolidated social, environmental and corporate information 94
4 Annual financial statements 97
4.1 Consolidated financial statements 98
4.2 Statutory auditors’ report on the consolidated financial statements 158
4.3 Table showing the subsidiaries and holdings 162
4.4 BOIRON parent company results for the last five years 164
5 Legal information about the company and its capital 167
5.1 Share capital 168
5.2 Main shareholders 172
5.3 Employee shareholding 175
5.4 Incorporation and articles of association 176
5.5 Report of the Board of Directors to the Combined Shareholders’ Meeting of May 17, 2018 - extr 181
5.6 Draft resolutions put to the Combined Shareholder’s Meeting of May 17, 2018 183
6 Other information 189
6.1 Person responsible for the Reference document 190
6.2 Statutory auditors 191
6.3 Public information 192
6.4 Provisional publication schedule 193
6.5 List of BOIRON parent company establishments as at December 31, 2017 194
6.6 Concordance table of the Reference document 196
6.7 Concordance table of financial annual report and management report 200
6.8 Concordance table of employee, environmental and societal information 202
6.9 Glossary 204
Table of contents 2
RkJQdWJsaXNoZXIy NjA3NzQ=