Exception Or Pioneer? Political Islam in Morocco
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An N U Al R Ep O R T 2018 Annual Report
ANNUAL REPORT 2018 ANNUAL REPORT The Annual Report in English is a translation of the French Document de référence provided for information purposes. This translation is qualified in its entirety by reference to the Document de référence. The Annual Report is available on the Company’s website www.vivendi.com II –— VIVENDI –— ANNUAL REPORT 2018 –— –— VIVENDI –— ANNUAL REPORT 2018 –— 01 Content QUESTIONS FOR YANNICK BOLLORÉ AND ARNAUD DE PUYFONTAINE 02 PROFILE OF THE GROUP — STRATEGY AND VALUE CREATION — BUSINESSES, FINANCIAL COMMUNICATION, TAX POLICY AND REGULATORY ENVIRONMENT — NON-FINANCIAL PERFORMANCE 04 1. Profile of the Group 06 1 2. Strategy and Value Creation 12 3. Businesses – Financial Communication – Tax Policy and Regulatory Environment 24 4. Non-financial Performance 48 RISK FACTORS — INTERNAL CONTROL AND RISK MANAGEMENT — COMPLIANCE POLICY 96 1. Risk Factors 98 2. Internal Control and Risk Management 102 2 3. Compliance Policy 108 CORPORATE GOVERNANCE OF VIVENDI — COMPENSATION OF CORPORATE OFFICERS OF VIVENDI — GENERAL INFORMATION ABOUT THE COMPANY 112 1. Corporate Governance of Vivendi 114 2. Compensation of Corporate Officers of Vivendi 150 3 3. General Information about the Company 184 FINANCIAL REPORT — STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS — CONSOLIDATED FINANCIAL STATEMENTS — STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS — STATUTORY FINANCIAL STATEMENTS 196 Key Consolidated Financial Data for the last five years 198 4 I – 2018 Financial Report 199 II – Appendix to the Financial Report 222 III – Audited Consolidated Financial Statements for the year ended December 31, 2018 223 IV – 2018 Statutory Financial Statements 319 RECENT EVENTS — OUTLOOK 358 1. Recent Events 360 5 2. Outlook 361 RESPONSIBILITY FOR AUDITING THE FINANCIAL STATEMENTS 362 1. -
Morocco 2014: the Return of Authoritarianism
Geographical Overview | Maghreb Panorama Morocco 2014: The Return of Authoritarianism Maâti Monjib (PJD) heading the coalition seems to have definitively Professor come to terms with royal hegemony over the execu- Mohammed V University, Rabat tive branch. It thus relinquished a democratic inter- pretation of the 2011 Constitution granting the exec- utive branch substantial powers while turning various Geographical Overview | Maghreb Geographical Overview 2014 was the third year of the Benkirane administra- royal powers – formerly discretionary – into limited tion. The cabinet led by him resulted from the early powers. After this reshuffle, control over key minis- elections brought on by the 20 February Movement tries such as those of the Interior, Foreign Affairs and protests (the Moroccan version of the so-called Education by palace officials has made the little pow- ‘Arab’ Spring) occurring over the course of 2011. er held by the Prime Minister dwindle even more. This is the first time in Moroccan history that an Isla- This return to pre-2011 monarchic authoritarianism mist party independent from the monarchy is head- has been accompanied by an increase in the weight ing the government. In any case, Benkirane, a mod- of security agencies in decision-making processes. erate conservative leader, only managed to stay at This is implicitly justified by the real threats to the the head of the coalition government during the sec- country by extremist groups, whether loyal to Daesh 176 ond half of 2013 by making significant political con- or al-Qaeda. Some two thousand Moroccans, a cessions to the pre-Arab Spring establishment, par- large part of them bearing European passports, are ticularly insofar as sharing power with the royal participating in the combats in Syria, Iraq and other palace camp. -
Beyond Islamists & Autocrats
PROSPECTS FOR POLITICAL REFORM POST ARAB SpRING Beyond Islamists & Autocrats MOROCCO: peting through more or less free and fair elections for par- liamentary and governmental positions since 1956, when Prospects for Civil Society the country established independence from French rule, n Vish Sakthivel arguably the greatest prospects for democratic reform can be found not in traditional political institutions but in the This paper, the second in a series exploring reformist country’s civil society. As this paper demonstrates, civil so- actors among non-Islamists throughout the region, ex- ciety entities such as trade unions and organizations work- amines prospects for political reform in Morocco. The ing on democratic development, women’s empowerment, paper defines democratic/reformist actors as individu- human rights, and the rights of the Berber (Amazigh) mi- als or groups supporting the familiar procedural mech- nority carry promise for Morocco’s democratic prospects, anisms of power sharing, such as regular elections and even as the political system remains dominated by the open contestation for political office, and also possi- monarchy. Indeed, since the constitutional reforms of bly working to strengthen the attendant freedoms of 2011, many Moroccan political groups, including those expression, association, and press; legal protections counterdemocratic strains with strong links to the regime, for minorities; and social conditions, such as literacy, portray themselves as reform-oriented, democratic actors widely acknowledged to be necessary components of a and may, in certain ways, serve as facilitators for reform democracy. Religious or Muslim democrats—or those groups. But their primary role is to facilitate continued le- seeing a role for religion in public life—are included in gitimacy for the regime, often taking up the ancillary role this definition. -
The Islamist Movement in Morocco. Main Actors and Regime Responses
DIIS REPORT 2010:05 DIIS REPORT THE ISLAMIST MOVEMENT IN MOROCCO MAIN ACTORS AND REGIME RESPONSES Julie E. Pruzan-Jørgensen DIIS REPORT 2010:05 DIIS REPORT DIIS . DANISH INSTITUTE FOR INTERNATIONAL STUDIES 1 DIIS REPORT 2010:05 © Copenhagen 2010 Danish Institute for International Studies, DIIS Strandgade 56, DK-1401 Copenhagen, Denmark Ph: +45 32 69 87 87 Fax: +45 32 69 87 00 E-mail: [email protected] Web: www.diis.dk Cover Design: Anine Kristensen Cover Photo: Polfoto.dk Layout: Allan Lind Jørgensen Printed in Denmark by Vesterkopi AS ISBN 978-87-7605-378-9 Price: DKK 50.00 (VAT included) DIIS publications can be downloaded free of charge from www.diis.dk Hardcopies can be ordered at www.diis.dk The report was commissioned by the Danish Ministry of Foreign Affairs, but its findings and conclusions are entirely the responsibility of the author. Julie E. Pruzan-Jørgensen, Project Researcher, Religion, Conflict and International Politics, DIIS 2 DIIS REPORT 2010:05 Contents Abstract 4 Introduction 5 Religion and Politics in Morocco 6 The Islamist Movement in Morocco 8 Developments within MUR/PJD 11 Developments within Justice and Spirituality 15 Regime Responses: Reforms and Repression 19 Future Scenarios 24 Literature 26 3 DIIS REPORT 2010:05 Abstract Morocco’s formally accepted Islamist party, the Justice and Development Party (PJD), has further underlined its recognition of the authoritarian regime in response to a disappointing electoral showing and tough competition from the new Authenticity and Modernity Party (PAM). In contrast, the forbidden, although tolerated, Justice and Spirituality Movement (Al Adl wal Ihsan) retains its principled oppositional role. -
J Lo's Performance in Rabat Provokes Furore
22 June 12, 2015 Culture J Lo’s performance in Rabat provokes furore Saad Guerraoui said Aftati. Another PJD member, Khalid Rahmouni, expressed dis- gust at what he watched on 2M and Rabat called on Khalfi, as the one respon- sible for media policy, to resign. sexually charged per- However, PJD MP Abdeslam Bal- formance by pop diva laji told The Arab Weekly that Khalfi Jennifer Lopez at the does not have authority over public Mawazine music festival TV channels. in Rabat prompted mem- “It is the responsibility of the bersA of the ruling Islamist Justice High Authority of Audiovisual and Development Party (PJD) to call Communication (HACA) to investi- for the resignation of Communica- gate the matter following the min- tions Minister Mustapha el-Khalfi. ister’s request,” said Ballaji who Lopez, 45 and a popular Ameri- was the first MP from PJD’s parlia- can performer, opened the 14th mentary team to ask Khalfi for an Mawazine festival on May 30th, explanation for the concert. performing a nearly two-hour In a message posted on his Fa- long concert for a record crowd of cebook page, Khalfi, who is also 160,000 while millions watched on the government spokesman, an- state-owned television channel 2M. nounced that HACA and the ethics The glamorous New York-born committee of 2M would be inves- singer showcased scanty costumes tigated. Ballaji stressed that broad- and provocative poses as she casting the US singer’s suggestive donned seven different outfits, -in dance routine on a public TV chan- cluding a white leotard, during her nel was against Morocco’s constitu- performance, which was slammed tion, values and media ethics. -
Morocco: Freedom in the World 2020
4/8/2020 Morocco | Freedom House FREEDOM IN THE WORLD 2020 Morocco 37 PARTLY FREE /100 Political Rights 13 /40 Civil Liberties 24 /60 LAST YEAR'S SCORE & STATUS 39 /100 Partly Free Global freedom statuses are calculated on a weighted scale. See the methodology. https://freedomhouse.org/country/morocco/freedom-world/2020 1/18 4/8/2020 Morocco | Freedom House Overview Morocco holds regular multiparty elections for Parliament, and reforms in 2011 shifted some authority over government from the monarchy to the elected legislature. Nevertheless, King Mohammed VI maintains dominance through a combination of substantial formal powers and informal lines of influence in the state and society. Many civil liberties are constrained in practice. Key Developments in 2019 In July, a court in Salé issued death sentences for three men convicted of the December 2018 murders of two Scandinavian women hikers in the Atlas Mountains. Authorities characterized the killings as an attack by the Islamic State militant group. Prominent journalist Hajar Raissouni was arrested in August with her fiancé and charged with extramarital sex and obtaining an illegal abortion. Each was sentenced in September to one year in prison, with the court rejecting evidence that Raissouni was not pregnant and was being treated for a blood clot. She, her fiancé, and her doctors all received royal pardons in October. Teachers’ unions organized a series of protests during the year to demand better working conditions, at times drawing harsh police responses. Political Rights A. Electoral Process A1 0-4 pts Was the current head of government or other chief national authority elected through free and fair elections? 1 / 4 https://freedomhouse.org/country/morocco/freedom-world/2020 2/18 4/8/2020 Morocco | Freedom House Constitutional reforms in 2011 required the king to appoint the prime minister from the party that wins the most seats in parliamentary elections, but the reforms preserved nearly all of the king’s existing powers. -
UNE RETROSPECTIVE 2014-A.Indd
Système de Management de la Qualité certifié ISO 9001 version 2008 par BUREAU VERITAS MAROC LE PREMIER QUOTIDIEN ECONOMIQUE DU MAROC Année marathon II RétRospective L’année où la diplomatie • Tournées royales d’envergure construite avec un montant de 330 mil- lions de DH. Les champs de partenariats ont également compris d’autres secteurs • Le capital immatériel fait son comme les finances, les énergies renou- velables, les infrastructures, le transport, entrée dans l’évaluation de la l’agroalimentaire, les mines, l’habitat… richesse du pays L’impact de cette tournée a été retentis- sant en termes de perception du Maroc dans le continent. En peu de temps, le • Appel à une rupture avec les Souverain a construit une image charis- matique en Afrique. La dynamique de la privilèges et l’économie de rente diplomatie royale a permis un plus grand au Sahara rapprochement avec certains Etats du Sahel, comme le Mali, qui n’étaient pas considérés traditionnellement comme des 2014 est décidément l’année bastions acquis au Maroc. Aujourd’hui, de la consécration de l’orientation afri- le renforcement du partenariat avec ces caine du Maroc. La tournée royale dans Etats se base sur une logique de com- la région, durant les premiers mois de plémentarité. Ces Etats ont demandé de cette année, a montré l’engagement du profiter de l’expertise marocaine dans Royaume en faveur du développement de plusieurs domaines, notamment dans la la coopération Sud-Sud. Le pays ne s’est promotion des ressources humaines, mais pas contenté des beaux discours, mais surtout dans l’encadrement religieux. -
Moroccan Exceptionalism Examined: Constitutional Insights Pre- and Post-2011
Istituto Affari Internazionali IAI WORKING PAPERS 13 | 34 – December 2013 ISSN 2280-4331 Moroccan Exceptionalism Examined: Constitutional Insights pre- and post-2011 Mohammed Hashas Abstract Compared to Egypt, Tunisia and Libya, Morocco’s political development looks like an oasis of tranquillity. “Moroccan exceptionalism” is often drawn on as a positive status, the result of at least one decade of reforms implemented by the monarchy, long before the Arab Spring events. An alternative view is offered by some civil society movements inside the country and by the 20 February Movement, born amidst the waves of the Arab Spring, which are critical of this exceptionalism and call for more reforms. By making reference to the constitutional reforms undertaken by the country since 1908 and by assessing the most recent reform efforts, this paper argues that “Moroccan exceptionalism” is yet to go through the test of the implementation of what is often referred to as a “promising constitution” that should in its intentions pave the way for a genuine constitutional monarchy in Morocco. “Moroccan exceptionalism,” as the paper concludes, is not the description of a “final” political situation; rather, it is merely “a phase” in the political life of a country undergoing transition. It is then the outcome of this “phase” that will determine whether “exceptionalism” takes on a positive or a negative meaning and whether the two contrasting narratives about “exceptionalism” can ultimately be reconciled. Keywords : Morocco / Domestic policy / Reforms / Arab Spring © 2013 IAI ISBN 978-88-98650-05-7 IAI Working Papers 1334 Moroccan Exceptionalism Examined : Constitutional Insights pre- and post-2011 Moroccan Exceptionalism Examined: Constitutional Insights pre- and post-2011 by Mohammed Hashas ∗ Introduction The label “Moroccan exceptionalism” is often used both by government officials in the country and many political analysts and commentators. -
RAPPORT-ANNUEL-ONCF-2016.Pdf
RAPPORT ANNUEL 2016 SA MAJESTÉ LE ROI MOHAMMED VI, QUE DIEU L’ASSISTE Sommaire 06 08 10 20 28 36 50 INTERVIEW COMITÉ DE L’ONCF EN LE TRANSPORT LE FRET ET DES GRANDS PROJETS LA SÉCURITÉ DU DIRECTEUR DIRECTION UN CLIN D’ŒIL DES PASSAGERS LA LOGISTIQUE D’INVESTISSEMENTS ET LA SÛRETÉ GÉNÉRAL Priorité au confort client Au plus près des enjeux Pour un réseau robuste Deux priorités absolues et à la qualité de service sectoriels des entreprises et moderne 58 64 72 80 88 94 LE CAPITAL HUMAIN LA GOUVERNANCE DÉVELOPPEMENT DURABLE UNE COMMUNICATION LA COOPÉRATION SITUATION FINANCIÈRE Un engagement Un système en amélioration Tous contre le réchauffement Innovante et durable FERROVIAIRE À L’INTERNATIONAL Performances globales permanent et des continue climatique Amplification du partenariat Sud‑Sud compétences Quid du projet de la ligne à grande vitesse Si vous ne deviez retenir qu’une seule Tanger‑Casablanca ? chose de l’année 2016 ? Grâce à une forte mobilisation, soutenue par les différentes Les initiatives menées sont certes multiples et ne peuvent parties prenantes, et à un système de gouvernance que nous conforter dans nos choix stratégiques. Mais approprié, ce méga projet est aujourd’hui en phase de si je dois me contenter de citer les événements phares préparation de l’exploitation. Ce projet, dont le coup ayant caractérisé cette année, je citerai le lancement d’envoi officiel des travaux a été donné par Sa Majesté par Sa Majesté Le Roi Mohammed VI, Que Dieu L’Assiste, Le Roi Mohammed VI, Que Dieu L’Assiste, a franchi des du projet de construction de la gare LGV de Rabat paliers importants dans sa réalisation, enregistrant à fin Agdal et notre participation à la COP 22 notamment Interview du 2016 un taux d’avancement global de 86 %. -
2014 Annual Report
2014 ANNUAL REPORT 0 1 9 4 - 2 0 1 years 4 2014 ANNUAL REPORT 0 1 9 4 - 2 0 1 years 4 This is a particularly important year for Attijariwafa bank as we complete our one hundred and tenth year. We are therefore celebrating more than a century of providing banking and banking- related activities in the interests of our country’s economic and industrial development and the well- being of our fellow citizens. M. Mohamed El Kettani Président Directeur Général Chairman and CEO’S Message ANNUAL REPORT ATTIJARIWAFA BANK 2014 Our Group’s history is inextricably intertwined with With the legacy of two century-old banks, that of the Kingdom of Morocco. Not only does that Attijariwafa bank has constantly sought to diversify make us proud, it constantly inspires us to scale even its business lines to provide its corporate customers greater heights. Attijariwafa bank’s history began when with the most sophisticated payment methods two French banks, Compagnie Algérienne de Crédit and financing products to satisfy their constantly et de Banque (CACB) and Banque Transatlantique, evolving requirements. Our Group is also committed to opened branches in Tangier in 1904 and 1911 meeting the needs of all our fellow citizens, whatever respectively. their socio-economic background. For this reason, In the aftermath of the independence, Banque Attijariwafa bank was the first bank to make the Transatlantique became Banque Commerciale financial inclusion of low-income households one du Maroc (BCM) and, in 1987, emerged as the of its strategic priorities. Attijariwafa bank is proud of Kingdom’s leading private sector bank. -
International Reports 1/2017
Source: © Rafael Marchante, Reuters. Marchante, © Rafael Source: Other Topics Government Formation by Consensus? Monarchy, Democracy and Political Islam in Morocco Helmut Reifeld 90 Since the constitutional reform and 2011 elections, Morocco’s political reform course has continued to stabilise. However, is there any democratic foundation for this stability? Do the political parties form a democratic force that could lead the population through a necessary transformation process? And how “moderate” are the Islamists who were in power during the last election period? On 7 October 2016, at the end of a normal For Benkirane, this crisis came to a head with legislative period, the seats were reallocated the King’s decision to request the new parlia- in Morocco’s House of Representatives. As the ment to elect a president, even without a new leader of the moderate Islamist Justice and government in office in order to be capable of Development Party (PJD), which again won a taking action. Thus, on 13 January 2017, (with majority of the seats, King Mohammed VI fol- the abstention of the PJD), Habib El Malki was lowed the constitutional guideline to invite the elected by the USFP as the new parliamentary former Prime Minister, Abdelilah Benkirane, to president.1 This may be viewed as a highly prag- form a new government. matic solution, however, many observers also treated it as a “coup d’état” that contested the Over a period of more than five months, will of the electorate.2 Benkirane unsuccessfully attempted to honour this invitation during tough coalition negoti- This crisis came to an end on 17 March with the ations. -
Corporate Social Responsibility Report 2012
2012 Corporate Social Responsibility Report 2012 Corporate Social Responsibility Report GOVERNANCE, p.12 COMPLIANCE, « Our Group has for over a century been SAFETY conducting banking business with commitment AND QUALITY : and responsibility. » THE FOUNDATIONS OF TRUST Mohamed EL Kettani, Chairman and Chief Executive Officer p.22 SUMMARY SUPPORTING Convinced that one of the major roles of a financial This report broadly outlines Attijariwafa bank’s vision institution is to facilitate and accelerate economic and actions regarding sustainable development. EMPLOYEE and social development, at Attijariwafa bank, Despite this being the 2012 edition of the CSR Report, DEVELOPMENT sustainable development is an issue that we take corporate social responsibility has underpinned the very seriously, backed by strong ethical values, activities of the entire Group for many years. The report commitment, leadership, solidarity and citizenship. summarises the sustainable development challenges facing Attijariwafa bank as well as the initiatives undertaken to date in respect of quality, compliance As a supporter of government and professional ethics programmes, financier of the real in order to establish p.34 CONTRIBUTING TO economy, investor and partner to « Attijariwafa bank’s approach to Corporate a relationship of trust MOROCCAN CIVIL large, medium and small enterprises, Social Responsibility (CSR) is a state of with all stakeholders. our Group has for over a century mind, a collective consciousness, which It also shows how the SOCIETY been conducting banking business goes far beyond a simple set of managerial Group is committed with commitment and responsibility. responsibilities. in its daily actions to BY PROMOTING EDUCATION, » Such responsibility lies in our acting as a responsible ART AND CULTURE ability to help Moroccan society employer.