Three questions to Jean-Yves Charlier, member of the Supervisory Board

« The success of Vivendi is based on innovation in a context of sustainable development. »

How does Vivendi’s sustainable development policy contribute to the Group’s performance?
Vivendi constantly needs to analyze the extent of its responsibility towards society. Technological and business innovation, vital to the company’s success, must be accompanied by societal innovation. That is why the three strategic issues defined in 2003 – protecting and empowering youth, promoting cultural diversity, and sharing knowledge – are especially pertinent and contribute to the Group’s performance.

Which of these three challenges is most interesting for you?
The issue I feel most innovative is that of promoting cultural diversity. First of all because we cannot be a leader in the content businesses unless we meet the greatly varied tastes of tens of millions of customers around the world. It is also an essential responsibility toward the younger generation and future generations. Finally, Vivendi is conquering new markets in emerging and fast growth countries. That cultural diversity is a real opportunity to leverage our investments, to spot new artists and promote them on the international scene. Universal Music Group has made it a priority to develop local talents in emerging countries to find new growth areas. In fact, that is the sustainable development objective UMG’s Senior Executives have chosen to include in the calculation of their variable remuneration. It is a good illustration of the strategic nature of this policy – encouraging financial performance while contributing to better social cohesion in the countries where the Group operates.

As a member of the Supervisory board, how are you involved in sustainable development governance?
I make sure that the Strategy Committee fully plays its role by carefully considering these issues in defining the Group’s strategy. Also, the Audit Committee needs to be fully and constantly vigilant to make sure that the mechanisms for monitoring and control are in place. Finally, the Remuneration Committee closely examines how sustainable development criteria are integrated into the Senior Executives’ variable remuneration.

(Read the entire interview with Jean-Yves Charlier in Vivendi’s 2011 Activity and Sustainable Development Report and on Vivendi’s website)

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