DOCSLIB.ORG

2016 EMTN Conditions

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2016 EMTN Conditions LVMH MOËT HENNESSY ♦ LOUIS VUITTON LVMH Moët Hennessy Louis Vuitton (incorporated with limited liability in the Republic of France) Euro 10,000,000,000 Euro Medium Term Note Programme Due from one month from the date of original issue Under the Euro Medium Term Note Programme described in this Base Prospectus (the “Programme”), LVMH Moët Hennessy Louis Vuitton (“LVMH” or the “Issuer”) subject to compliance with all relevant laws, regulations and directives, may from time to time issue Euro Medium Term Notes (the “Notes”). The aggregate nominal amount of Notes issued by the Issuer and outstanding will not at any time exceed Euro 10,000,000,000 (or the equivalent in other currencies). This Base Prospectus supersedes and replaces the Base Prospectus dated 16 July 2015. This Base Prospectus shall be in force for a period of one year as of the date hereunder. This Base Prospectus shall, for the purposes of Notes listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Regulated Market (as defined below) of the Luxembourg Stock Exchange, or offered to the public in Luxembourg, be updated annually. Application has been made to the Commission de surveillance du secteur financier in Luxembourg (the “CSSF”) in its capacity as competent authority under the “loi relative aux prospectus pour valeurs mobilières” dated 10 July 2005, as amended (the “Prospectus Act 2005”), for the approval of this Base Prospectus as a base prospectus for the purposes of Article 5.4 of the Prospectus Directive. References in this Base Prospectus to the “Prospectus Directive” are to Directive 2003/71/EC of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading as amended, to the extent that such amendments have been implemented in the relevant Member State of the European Economic Area (“EEA”). Application has been made for a period of twelve (12) months from the date of approval of this Base Prospectus to the Luxembourg Stock Exchange for the Notes issued under the Programme to be listed on the Official List of the Luxembourg Stock Exchange and to be admitted to trading on the Regulated Market of the Luxembourg Stock Exchange. Application may also be made to the competent authority of any other Member State of the European Economic Area (an “EEA Member State”) for Notes issued under the Programme to be listed and admitted to trading on any other Regulated Market or offered to the public in such Member State. Any Regulated Market is governed by the Directive 2004/39/EC on markets in financial instruments (referred to in this Base Prospectus as a “Regulated Market” under the definition of such Directive). The CSSF assumes no responsibility for and does not give any undertaking as to the economical and financial soundness of the transactions contemplated by this Base Prospectus or the quality or solvency of the Issuer in accordance with Article 7(7) of the Prospectus Act 2005. Notes which are not admitted to trading on a Regulated Market, or which are not offered to the public in an EEA Member State, may be issued under the Programme and may also be listed on an alternative stock exchange or may not be listed at all. The relevant final terms (the “Final Terms”) (forms of which are contained herein) in respect of the issue of any Notes will specify whether or not such Notes will be listed, admitted to trading and/or offered to the public and will be published, if relevant, on the website of the Regulated Market where the admission to trading is sought or on the website of the Issuer, as the case may be. Notes will be in such denomination(s) as may be specified in the relevant Final Terms, save that the minimum denomination of each Note listed and admitted to trading on a Regulated Market or offered to the public in an EEA Member State in circumstances which require the publication of a prospectus under the Prospectus Directive will be €1,000, and if the Notes are denominated in a currency other than euro, the equivalent amount in such currency at the issue date, or such higher amount as may be allowed or required from time to time by the relevant central bank (or equivalent body) or any laws or regulations applicable to the relevant specified currency. Notes may be issued either in dematerialised form (“Dematerialised Notes”) or in materialised form (“Materialised Notes”) as more fully described herein. Dematerialised Notes will at all times be in book entry form in compliance with Articles L.211-3 and R.211-1 of the French Code monétaire et financier (Monetary and Financial Code, the “Code”). No physical documents of title will be issued in respect of the Dematerialised Notes. Dematerialised Notes may, at the option of the Issuer, be in bearer dematerialised form (au porteur) inscribed as from the Issue Date in the books of Euroclear France (“Euroclear France”) (acting as central depositary) which shall credit the accounts of Euroclear France Account Holders (as defined in “Terms and Conditions of the Notes - Form, Denomination(s), Title and Redenomination”) including the depositary bank for Clearstream Banking, société anonyme (“Clearstream, Luxembourg”) and Euroclear Bank S.A./N.V. (“Euroclear”) or in registered dematerialised form (au nominatif) and, in such latter case, at the option of the relevant Noteholder (as defined in Condition 1(c)(iv)), in either fully registered form (nominatif pur), in which case they will be inscribed in an account maintained by the Issuer or by a registration agent (designated in the relevant Final Terms) for the Issuer, or in administered registered form (nominatif administré) in which case they will be inscribed in the accounts of the Euroclear France Account Holders designated by the relevant Noteholders. Materialised Notes will be in bearer materialised form only and may only be issued outside France. A temporary global certificate in bearer form without interest coupons attached (a “Temporary Global Certificate”) will initially be issued in connection with Materialised Notes. Such Temporary Global Certificate will be exchanged for definitive Materialised Notes in bearer form with, where applicable, coupons for interest attached on or after a date expected to be on or after the 40th day after the Issue Date of the Notes (subject to postponement as described in “Temporary Global Certificates issued in respect of Materialised Bearer Notes”) upon certification as to non US beneficial ownership as more fully described herein. Temporary Global Certificates will (a) in the case of a Tranche intended to be cleared through Euroclear and/or Clearstream, Luxembourg, be deposited on the Issue Date with a common depositary on behalf of Euroclear and/or Clearstream, Luxembourg and (b) in the case of a Tranche intended to be cleared through a clearing system other than or in addition to Euroclear and/or Clearstream, Luxembourg or delivered outside a clearing system, be deposited as agreed between the Issuer and the relevant Dealer (as defined below). As of the date of this Base Prospectus, the long-term corporate rating of the Issuer by Standard & Poor’s Ratings Services, a division of the McGraw-Hill Companies, Inc. (“S&P”) is A+ with stable outlook. Notes issued under this Programme may or may not be rated. The credit ratings included or referred to in this Base Prospectus have been issued by S&P, which is established in the European Union and registered under the Regulation (EC) No. 1060/2009 on credit ratings agencies, as amended (the “CRA Regulation”) and included in the list of credit rating agencies registered in accordance with the CRA Regulation published on the European Securities and Markets Authority’s website (www.esma.europa.eu/page/List-registered-and-certified-CRAs) as of the date of this Base Prospectus. A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, change or withdrawal at any time by the assigning rating agency. The final terms of the relevant Notes will be determined at the time of the offering of each Tranche and will be set out in the relevant Final Terms. Prospective investors are invited to take into account the factors described under the section headed “Risk Factors” in this Base Prospectus before deciding to invest in the Notes issued under the Programme. Arranger Deutsche Bank Dealers BofA Merrill Lynch BNP PARIBAS Citigroup Crédit Agricole CIB Credit Suisse HSBC Deutsche Bank MUFG J.P. Morgan Société Générale Corporate & Investment Banking NATIXIS The Royal Bank of Scotland The date of this Base Prospectus is 7 July 2016. This document constitutes the base prospectus for LVMH Moët Hennessy Louis Vuitton (“LVMH” or the “Issuer”) in respect of non-equity securities within the meaning of Article 22 no. 6(4) of the Regulation (EC) no. 809/2004 of 29 April 2004, as amended (hereinafter, the “Notes”) to be issued by LVMH under this Euro Medium Term Note Programme (the “Programme”). In relation to each Tranche of Notes, this Base Prospectus must be read in conjunction with the applicable Final Terms. LVMH confirms, to the best of its knowledge having taken all reasonable care to ensure that such is the case, that (i) this Base Prospectus (together with any supplement to it published from time to time in accordance with the provisions of the “loi relative aux prospectus pour valeurs mobilières” in Luxembourg (each a “Supplement” and together the “Supplements”) (the “Base Prospectus”)) contains or incorporates all information with respect to it and its consolidated subsidiaries and affiliates taken as a whole (together with LVMH, the “Group” or “LVMH Group”) and to the Notes that is material in the context of an issue and offering of the Notes and (ii) the statements contained in it relating to the Issuer, the Group and the Notes are, at the date of this Base Prospectus, in every material particular true and accurate and not misleading.
Load more

Recommended publications
  • Lvmh Moët Hennessy Louis Vuitton
    LVMH MOËT HENNESSY LOUIS VUITTON LVMH Moët Hennessy Louis Vuitton (incorporated with limited liability in the Republic of France) Euro 10,000,000,000 Euro Medium Term Note Programme Due from one month from the date of original issue Under the Euro Medium Term Note Programme described in this Base Prospectus (the “Programme”), LVMH Moët Hennessy Louis Vuitton (“LVMH” or the “Issuer”) subject to compliance with all relevant laws, regulations and directives, may from time to time issue Euro Medium Term Notes (the “Notes”). The aggregate nominal amount of Notes issued by the Issuer and outstanding will not at any time exceed Euro 10,000,000,000 (or the equivalent in other currencies). This Base Prospectus shall, for the purposes of Notes listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Regulated Market (as defined below) of the Luxembourg Stock Exchange, or offered to the public in Luxembourg, be updated annually. Application has been made to the Commission de surveillance du secteur financier in Luxembourg in its capacity as competent authority under the “loi relative aux prospectus pour valeurs mobilières” dated 10 July 2005 which implements the Directive 2003/71/EC on the prospectus to be published when securities are offered to the public or admitted to trading (the “Prospectus Directive”), for the approval of this Base Prospectus as a base prospectus for the purposes of Article 5.4 of the Prospectus Directive. References in this Base Prospectus to the “Prospectus Directive” shall include the amendments made by Directive 2010/73/EU (the “2010 PD Amending Directive”) to the extent that such amendments have been implemented in the relevant Member State of the European Economic Area.
    [Show full text]
  • Proposed Resolutions
    Proposed resolutions Approval of the annual financial statements The first items on the agenda relate to: - the approval of the financial statements: you will be asked to decide upon whether to approve the financial statements of the parent company LVMH SA (first resolution) as well as the Group’s consolidated financial statements (second resolution); - the approval of related party agreements (third resolution): details of these agreements are set out in the Statutory Auditors’ special report; - the appropriation of net profit (fourth resolution): the dividend to be distributed will amount to 2.90 euros per share. Taking into account the interim dividend of 1.10 euros per share paid on December 4, 2012, the balance of 1.80 euros will be paid as of April 25, 2013. Membership of the Board of Directors We propose that you renew the term of office as Directors of Mrs. Bernadette Chirac and Mrs. Bernard Arnault, Nicholas Clive Worms, Charles de Croisset, Francesco Trapani and Hubert Védrine (fifth to tenth resolutions). Share repurchase program We propose that you authorize your Board of Directors to acquire Company shares (eleventh resolution) particularly in order to (i) provide market liquidity services, (ii) cover stock option plans, the allotment of bonus shares, or any other employee share ownership operations, (iii) cover investment securities conferring entitlement to the Company’s shares, (iv) be retired, or (v) be held so as to be exchanged or presented as consideration at a later date for external growth operations. These purchases of Company shares may not exceed 10% of the share capital. The purchase price per share may not exceed 250 euros.
    [Show full text]
  • LVMH 2017 Annual Report
    2017 ANNUAL REPORT Passionate about creativity Passionate about creativity W H O W E A R E A creative universe of men and women passionate about their profession and driven by the desire to innovate and achieve. A globally unrivalled group of powerfully evocative brands and great names that are synonymous with the history of luxury. A natural alliance between art and craftsmanship, dominated by creativity, virtuosity and quality. A remarkable economic success story with more than 145,000 employees worldwide and global leadership in the manufacture and distribution of luxury goods. A global vision dedicated to serving the needs of every customer. The successful marriage of cultures grounded in tradition and elegance with the most advanced product presentation, industrial organization and management techniques. A singular mix of talent, daring and thoroughness in the quest for excellence. A unique enterprise that stands out in its sector. Our philosophy: passionate about creativity LVMH VALUES INNOVATION AND CREATIVITY Because our future success will come from the desire that our new products elicit while respecting the roots of our Maisons. EXCELLENCE OF PRODUCTS AND SERVICE Because we embody what is most noble and quality-endowed in the artisan world. ENTREPRENEURSHIP Because this is the key to our ability to react and our motivation to manage our businesses as startups. 2 • 3 Selecting leather at Berluti. THE LVMH GROUP 06 Chairman’s message 12 Responsible initiatives in 2017 16 Interview with the Group Managing Director 18 Governance and Organization 20 Our Maisons and business groups 22 Performance and responsibility 24 Key fi gures and strategy 26 Talent 32 Environment 38 Responsible partnerships 40 Corporate sponsorship BUSINESS GROUP INSIGHTS 46 Wines & Spirits 56 Fashion & Leather Goods 66 Perfumes & Cosmetics 76 Watches & Jewelry 86 Selective Retailing 96 LVMH STORIES PERFORMANCE MEASURES 130 Stock market performance measures 132 Financial performance measures 134 Non-fi nancial performance measures 4 • 5 LVMH 2017 .
    [Show full text]
  • Federal Register/Vol. 71, No. 115/Thursday, June 15, 2006/Notices
    34678 Federal Register / Vol. 71, No. 115 / Thursday, June 15, 2006 / Notices DEPARTMENT OF STATE statements which, as required by law, 7342(f) of Title 5, United States Code, as Federal employees filed with their added by Section 515(a)(1) of the employing agencies during calendar [Public Notice 5435] Foreign Relations Authorization Act, year 2004 concerning gifts received from Fiscal Year 1978 (Pub. L. 95–105, Office of Protocol; Gifts to Federal foreign government sources. The August 17, 1977, 91 Stat. 865). compilation includes reports of both Employees From Foreign Government Dated: May 17, 2006. Sources Reported to Employing tangible gifts and gifts of travel or travel Henrietta H. Fore, Agencies in Calendar Year 2004 expenses of more than minimal value, as defined by statute. Under Secretary for Management, The Department of State submits the Publication of this listing in the Department of State. following comprehensive listing of the Federal Register is required by Section AGENCY: WHITE HOUSE OFFICE AND THE NATIONAL SECURITY COUNCIL [Report of Tangible Gifts] Gift, date of acceptance on behalf Name and title of person accepting of the U.S. Government, Identity of foreign donor Circumstances justifying the gift on behalf of the estimated value, and current and government acceptance U.S. Government disposition or location President ........................................ Artwork: 9″ x 7″ bull moose antler The Right Paul Martin, P.C., M. Non-acceptance would cause em- sculpture of an Eskimo in a P., Honorable, The Prime Min- barrassment to donor and U.S. kayak beside an igloo and a ister of Canada and Mrs. Martin.
    [Show full text]
  • Dossier De Presse Expo Dior
    EXPOSITION DIOR musée du président Jacques Chirac 1er février – 15 avril 2010 Dior, la passion créatrice L’exposition Dior présentée au musée du président Jacques Chirac est composée d’une trentaine de robes de haute couture des années 1947 à 1951 (créées par Christian Dior) et 1997 à 2009 (créées par John Galliano). Parmi elles figurent notamment la robe Ciao Ci San (2007) de l’affiche, une robe 2008 portée par Marion Cotillard et la robe 2009 portée par Monica Bellucci au Festival de Cannes. L’exposition comprend également une douzaine de flacons et coffrets de parfum, des croquis de Christian Dior et des photos de grands photographes de mode. La scénographie de l’exposition est due à René Bouchara Design. L’exposition a été conçue par huit collaborateurs de la maison Christian Dior : Olivier Bialobos, Frédéric Bourdelier, Daphné Catroux, Gérald Chevalier, Barbara Jeauffroy-Mairet, Philippe Le Moult, Vincent Leret et Soizic Pfaff. Le musée Christian Dior à Granville a aimablement participé à l'exposition. Un catalogue produit par le musée accompagne l’exposition. Il a été réalisé par la maison Christian Dior, avec des textes de Nathalie Fraser, Vincent Leret et Soizic Pfaff. En voici quelques extraits. LE FONDATEUR Christian Dior naît le 21 janvier 1905 à Granville, en Normandie, dans une famille bourgeoise aisée qui déménage à Paris lorsqu’il a cinq ans. Ses parents imaginent pour lui une carrière de diplomate ; il abandonne donc son rêve de devenir architecte et s’inscrit à Sciences Po. Mais ce n’est qu’une parade : le jeune homme, habitué des milieux artistiques, ouvre en 1928 avec des amis une première galerie d’art contemporain, où il expose le travail de Georges Braque, Fernand Léger, Maurice Utrillo, Aristide Maillol, Raoul Dufy, et de proches comme Max Jacob, Léonor Fini, Salvador Dali et Christian Bérard.
    [Show full text]
  • 2013 Financial Documents
    01_VA_V3 28/01/2014 09:05 PageI TRANSLATION OF THE FRENCH FINANCIAL DOCUMENTS FISCAL YEAR ENDED DECEMBER 31, 2013 01_VA_V3 28/01/2014 09:05 PageII CONTENTS EXECUTIVE AND SUPERVISORY BODIES; STATUTORY AUDITORS 1 FINANCIAL HIGHLIGHTS 2 CAPITAL AND VOTING RIGHTS 4 BUSINESS REVIEW AND COMMENTS ON THE CONSOLIDATED FINANCIAL STATEMENTS OF LVMH GROUP 5 COMMENTS ON THE CONSOLIDATED INCOME STATEMENT 6 WINES AND SPIRITS 10 FASHION AND LEATHER GOODS 11 PERFUMES AND COSMETICS 13 WATCHES AND JEWELRY 15 SELECTIVE RETAILING 16 COMMENTS ON THE CONSOLIDATED BALANCE SHEET 17 COMMENTS ON THE CONSOLIDATED CASH FLOW STATEMENT 19 CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 21 CONSOLIDATED INCOME STATEMENT 22 CONSOLIDATED STATEMENT OF COMPREHENSIVE GAINS AND LOSSES 23 CONSOLIDATED BALANCE SHEET 24 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 25 CONSOLIDATED CASH FLOW STATEMENT 26 SELECTED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 27 SIMPLIFIED ACCOUNTING INFORMATION OF LVMH MOËT HENNESSY-LOUIS VUITTON SA 65 INCOME STATEMENT 66 CHANGE IN EQUITY 66 This document is a free translation into English of the original French “Documents financiers - 31 décembre 2013”, hereafter referred to as the “Financial Documents”. It is not a binding document. In the event of a conflict in interpretation, reference should be made to the French version, which is the authentic text. 01_VA_V3 28/01/2014 09:05 Page1 EXECUTIVE AND SUPERVISORY BODIES; STATUTORY AUDITORS Board of Executive Performance Directors Committee Audit Committee Bernard Arnault Bernard Arnault Yves-Thibault
    [Show full text]
  • Presentation Title Lorem Ipsum
    GROUP PRESENTATION June 2015 ABOUT LVMH COMMITMENTS KEY FIGURES GOVERNANCE FOREWORD A FAMILY-RUN Group, LVMH is led by BERNARD ARNAULT since 1987. LVMH strives to ensure the long-term development of each of its 70 HOUSES in keeping with their IDENTITY, their HERITAGE and their EXPERTISE. The LVMH group is the ONLY GROUP present in all FIVE MAJOR SECTORS of the luxury market: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective Retailing. In 2014, LVMH represents: €30.6 120,000 3,700 BILLION IN REVENUE EMPLOYEES STOR ES THE LVMH SPIRIT The LVMH group brings together truly EXCEPTIONAL HOUSES, each of them creating products that embody unique SAVOIR-FAIRE, a carefully preserved HERITAGE and a dynamic engagement with MODERNITY. These creations make our Houses AMBASSADORS OF A DISTINCTIVELY REFINED ART DE VIVRE. LVMH has successfully preserved a FAMILY SPIRIT that places priority on a LONG- TERM VISION. The Group’s vocation is to ensure the DEVELOPMENT of each of its Houses while respecting their IDENTITIES and their autonomy, providing the RESOURCES needed to create, produce and market their products and services through carefully selected channels. THE LVMH SPIRIT The THREE FUNDAMENTAL VALUES articulated by Bernard Arnault when the Group was created are shared by every member of LVMH. Those three imperatives constitute the pillars of our PERFORMANCE and LONG-TERM SUCCESS. BE CREATIVE AND DELIVER CULTIVATE AN INNOVATIVE EXCELLENCE ENTREPRENEURIAL SPIRIT Creativity and innovation are part of our DNA. Over At LVMH, we never compromise on quality. Because LVMH has an agile and decentralized organization the years, they have ensured our Houses’ success we embody the world of craftsmanship in its most that encourages efficiency and responsiveness.
    [Show full text]
  • Report on Corporate Governance and Internal Control Procedures
    REPORT OF THE CHAIRMAN OF THE BOARD OF DIRECTORS 1. CORPORATE GOVERNANCE 96 1.1. Board of Directors 96 1.2. Membership and missions 96 1.3. Executive Management 97 1.4. Performance Audit Committee 97 1.5. Nominations and Compensation Committee 98 1.6. Advisory Board 98 1.7. Participation in Shareholders’ Meetings 98 1.8. Information that might have an impact on a takeover bid or exchange offer 98 1.9. Compensation policy for company officers 99 2. IMPLEMENTATION OF RISK MANAGEMENT AND INTERNAL CONTROL PROCEDURES 100 2.1. Scope, organizational and formalization principles 100 2.2. Main risk management principles 101 2.3. General internal control principles 102 2.4. Risk management and internal control stakeholders 105 2.5. Risk management and internal controls related to financial and accounting information 106 3. STATUTORY AUDITORS’ REPORT ON THE REPORT PREPARED BY THE CHAIRMAN OF THE BOARD OF DIRECTORS 108 2011 Reference Document 95 REPORT OF THE CHAIRMAN OF THE BOARD OF DIRECTORS Corporate Governance Drawn up in accordance with the provisions of Article L. 225- organization of its work, the compensation policy applied to 37 of the French Commercial Code, this report was approved senior executives and company officers, as well as the risk by the Board of Directors at its meeting on February 2, 2012. management and internal control procedures established by the Board and in particular the procedures relating to the Its purpose is to give an account of the membership of preparation and processing of accounting and financial the Board of Directors of the Company, the preparation and information.
    [Show full text]
  • Arnault's Culture Club
    WWDTUESDAY, OCTOBER 21, 2014 ■ $3.00 ■ WOMEN’S WEAR DAILY Arnault’s Culture Club the strongest links with artists — and for the longest time,” the By MILES SOCHA chairman and chief executive offi cer of LVMH Moët Hennessy Louis PARIS — The convergence of fashion and art — plus a dash of Vuitton told WWD in an interview on the eve of the opening event, political intrigue — reached a new apex in Paris on Monday night which was peopled by fashion designers, Hollywood actresses, with the offi cial inauguration of the Louis Vuitton Foundation. politicians, artists and LVMH brass. Luxury titan Bernard Arnault beamed proudly as he and French While known as one of Europe’s most formidable entrepreneurs, President François Hollande pushed a button to light up the new Arnault waved off business talk to delve into one of his favorite Frank Gehry-designed structure, which glowed like some futuristic subjects — creativity — the fuel behind the $40 billion luxury sailing ship amidst the parkland in which it is set. empire he constructed in roughly one generation. It was a moment to savor for Arnault, a personal project of art “Since I arrived at LVMH, I thought it would be a good idea to sponsorship, and a gift to France that he named after his biggest pay homage to the creative realms that have brought economic and most profi table brand. success to our business, Vuitton in particular,” he said. “Louis Vuitton is the brand in our group that probably has SEE PAGE 4 From left: Raf Simons, Marion Cotillard, Bernard Arnault, Michelle Williams and Nicolas Ghesquière at the opening of the Louis Vuitton Foundation in Paris Monday night.
    [Show full text]
  • Department of State Office of Protocol; Gifts to Federal Employees from Foreign Sources Reported to Employing Agencies in Calendar Year 2002; Notice
    Monday, June 23, 2003 Part II Department of State Office of Protocol; Gifts to Federal Employees From Foreign Sources Reported to Employing Agencies in Calendar Year 2002; Notice VerDate Jan<31>2003 15:34 Jun 20, 2003 Jkt 200001 PO 00000 Frm 00001 Fmt 4717 Sfmt 4717 E:\FR\FM\23JNN2.SGM 23JNN2 37208 Federal Register / Vol. 68, No. 120 / Monday, June 23, 2003 / Notices DEPARTMENT OF STATE Federal employees filed with their 7342(f) of title 5, United States Code, as employing agencies during calendar added by Section 515(a)(1) of the Office of Protocol; Gifts to Federal year 2002 concerning gifts received from Foreign Relations Authorization Act, Employees From Foreign Government foreign government sources. The Fiscal Year 1978 (Pub. L. 95–105, Sources Reported to Employing compilation includes reports of both August 17, 1977, 91 stat. 865). Agencies in Calendar Year 2002 tangible gifts and gifts of travel or travel Dated: June 5, 2003. expenses of more than minimal value, [Public Notice 4380] Grant S. Green, Jr., as defined by statute. The Department of State submits the Under Secretary for Management; following comprehensive listing of the Publication of this listing in the Department of State. statements which, as required by law, Federal Register is required by Section AGENCY: WHITE HOUSE OFFICE AND THE NATIONAL SECURITY COUNCIL [Report of Tangible Gifts] Gift, date of acceptance on behalf Name and title of person accepting of the U.S. Government, esti- Identity of foreign donor and Circumstances justifying the gift on behalf of the U.S. mated value, and current disposi- government acceptance Government tion or location President .......................................
    [Show full text]
  • Report on Corporate Governance and Internal Control Procedures
    REPORT OF THE CHAIRMAN OF THE BOARD OF DIRECTORS 1. CORPORATE GOVERNANCE 104 1.1. Board of Directors 104 1.2. Membership and missions 104 1.3. Executive Management 105 1.4. Performance Audit Committee 106 1.5. Nominations and Compensation Committee 106 1.6. Advisory Board 107 1.7. Participation in Shareholders’ Meetings 107 1.8. Information that could have a bearing on a takeover bid or exchange offer 107 1.9. Compensation policy for company officers 107 2. IMPLEMENTATION OF RISK MANAGEMENT AND INTERNAL CONTROL PROCEDURES 108 2.1. Scope, organizational and formalization principles 108 2.2. Main risk management principles 109 2.3. General internal control principles 110 2.4. Risk management and internal control stakeholders 113 2.5. Risk management and internal control procedures related to financial and accounting information 114 3. STATUTORY AUDITORS’ REPORT, PREPARED IN ACCORDANCE WITH ARTICLE L. 225-235 OF THE FRENCH COMMERCIAL CODE, ON THE REPORT PREPARED BY THE CHAIRMAN OF THE BOARD OF DIRECTORS OF LVMH MOËT HENNESSY - LOUIS VUITTON 117 2013 Reference Document 103 REPORT OF THE CHAIRMAN OF THE BOARD OF DIRECTORS Corporate governance Drawn up in accordance with the provisions of Article L. 225-37 organization of its work, the compensation policy applied to of the French Commercial Code, this report was approved by senior executives and company officers, as well as the risk the Board of Directors at its meeting on January 30, 2014. management and internal control procedures established by the Board and in particular the procedures relating to Its purpose is to give an account of the membership of the the preparation and processing of accounting and financial Board of Directors of the Company, the preparation and information.
    [Show full text]
  • Lvmh Moët Hennessy Louis Vuitton
    LVMH MOËT HENNESSY LOUIS VUITTON LVMH Moët Hennessy Louis Vuitton (incorporated with limited liability in the Republic of France) Euro 10,000,000,000 Euro Medium Term Note Programme Due from one month from the date of original issue Under the Euro Medium Term Note Programme described in this Base Prospectus (the “Programme”), LVMH Moët Hennessy Louis Vuitton (“LVMH” or the “Issuer”) subject to compliance with all relevant laws, regulations and directives, may from time to time issue Euro Medium Term Notes (the “Notes”). The aggregate nominal amount of Notes issued by the Issuer and outstanding will not at any time exceed Euro 10,000,000,000 (or the equivalent in other currencies). This Base Prospectus shall, for the purposes of Notes listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Regulated Market (as defined below) of the Luxembourg Stock Exchange, or offered to the public in Luxembourg, be updated annually. Application has been made to the Commission de surveillance du secteur financier in Luxembourg in its capacity as competent authority under the “loi relative aux prospectus pour valeurs mobilières” dated 10 July 2005 which implements the Directive 2003/71/EC on the prospectus to be published when securities are offered to the public or admitted to trading (the “Prospectus Directive”), for the approval of this Base Prospectus as a base prospectus for the purposes of Article 5.4 of the Prospectus Directive. References in this Base Prospectus to the “Prospectus Directive” shall include the amendments made by Directive 2010/73/EU (the “2010 PD Amending Directive”) to the extent that such amendments have been implemented in the relevant Member State of the European Economic Area.
    [Show full text]