Valeo is dedicated to the design, the manufacture and the sale of components, integrated systems and modules for cars and heavy lorries. 3 Fields of Innovation for surer, cleaner and more comfortable vehicles.

Functioning of the Board

The Board of Directors determines the orientations of the Company’s operations and sees to their implementation. Subject to the powers expressly granted to shareholders’ meetings and within the limit of the corporate purpose, the Board of Directors is competent for handling, and deciding upon, any matters regarding the Company’s good running. The Board of Directors carries out any controls and audits as it may deem appropriate.

At its meeting on March 20, 2009, the Board of Directors named Pascal Colombani as Chairman of the Board and Jacques Aschenbroich as Chief Executive Officer of the Company.

The members of the Board of Directors are: Behdad Alizadeh, Jacques Aschenbroich, Gérard Blanc, Daniel Camus, Pascal Colombani, Jérôme Contamine, Michel de Fabiani, Philippe Guédon, Lord Jay of Ewelme, Helle Kristoffersen, Noëlle Lenoir and Georges Pauget.

The Board created Committees, composed of certain members of the Board of Directors, to improve its functioning and provide effective assistance for preparing decisions: the Audit Committee; the Nomination, Remuneration and Corporate Governance Committee; and the Strategy Committee.

The members of the Audit Committee are: Daniel Camus, Michel de Fabiani and Georges Pauget. The Chair of this Committee is assigned to Daniel Camus.

The members of Nomination, Remuneration and Corporate Governance Committee are: Behdad Alizadeh, Jérôme Contamine, Philippe Guédon, Lord Jay of Ewelme, Noëlle Lenoir and Georges Pauget. The Chair of this Committee is assigned to Jérôme Contamine.

The members of the Strategy Committee are: Behdad Alizadeh, Gérard Blanc, Pascal Colombani, Philippe Guédon and Helle Kristoffersen. The Chair of this Committee is assigned to Pascal Colombani.

Financial Communication

Valeo endeavors to provide regular, clear and fully transparent information to its individual and institutional shareholders, both actual and potential, as well as to financial analysts.

Information is provided by press releases and by quarterly publication of the Group results.