Technip’s Board of Directors constantly improves its corporate governance practices in order to comply with applicable French and American regulations as well as the recommendations on corporate governance of listed companies contained in the report published by France’s Afep-Medef in October 2003. As part of this ongoing improvement, the Board of Directors has drawn up a charter defining the rights and duties of board members, as well as a set of internal rules and regulations.

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All Technip’s activities are governed by the rules set out in the statement of the Technip’s Values and in the four charters that explain them in more detail, particularly the Ethics charter.

A specific charter setting out the rules governing the behaviour of Technip directors was put in place in April 2003.

Thierry Pilenko (Chairman and CEO)
Olivier Appert
Pascal Colombani*
Jacques Deyirmendjian*
Germaine Gibara*
Jean-Pierre Lamoure*
Daniel Lebègue*
Roger M. Milgrim*
John O’Leary*
Rolf Erik Rolfsen*
Bruno Weymuller

*Independent directors

The Board of Directors, which determines the Company’s strategic directions and monitors their implementation, met eleven times during 2006. In making decisions, the Board takes into account the recommendations of its three specialized committees.
At a meeting held on February 21, 2007, the Board discussed its operating practices and concluded that it operates in a very satisfactory manner and that important issues are prepared and debated in an appropriate manner.
In accordance with its internal rules, the Board must evaluate its operating policies at intervals of no more than 3 years.