The company will have an Executive Committee composed of:

• a. the current Manager;
• b. 20 associate members of the company or representatives legal persons associated with the company, elected by the Ordinary General Meeting by secret ballot from among the partners presented by each of the two colleges (cinema and television), the sharing of seats between each college being determined according to the same rule as that provided for in Article 19-B-5-b of these statutes for the distribution of voting rights allocated to each college.

Only the following will be eligible:

• natural persons who are members of the company
• legal representatives of associated legal persons.

The Executive Committee is renewable every three years by the Ordinary General Assembly, the outgoing members being re-eligible.

In the event of death, resignation or incapacity of one of the elected members, it will be provided for his replacement by the Executive Committee among the partners of the same college meeting the same conditions, this appointment must be ratified by the next General Assembly.

The Manager chairs the Executive Committee.

The Executive Committee may elect from among the partners a Vice-President whose mission is to replace the Manager in the event of absence during the meetings of the Executive Committee, and who has the same powers as the Manager in this respect.

The members of the Executive Committee may not be employees of the company.