FINANCIAL COMMUNICATION: FRAMEWORK AND PRACTICES - 2019 EDITION

162 INFORMINGTHE BOARD OF DIRECTORS OR SUPERVISORY BOARD The board of directors or supervisory board must be provided with all the necessary information to fulfil one of its assignments which consists in ensuring, via the audit committee, the proper preparation and control of financial information (see the Best Practices Guide 199 ). The board of directors may be provided with various types of information on a regular or periodic basis, such as share price trends of the company and its main competitors, summary or exhaustive financial analyses, summaries of the main market issues and trends. Prior to the release of any financial disclosures, especially those concerning earnings or financial transactions, draft press releases may be submitted to the board of directors or supervisory board. The head of Investor Relations may be required to present the company’s financial communication strategy to the board of directors or the supervisory board. 199 – Report on relations between executive management and boards of directors on financial communication, jointly produced by the French Institute of Administrators (IFA) and the French association of Investor Relations (Cliff) in September 2010.