AVANQUEST SOFTWARE | FY 2010/11 Corporate Brochure 23

CORPORATE GOVERNANCE

Although it is one of the world’s leading software publishers, Avanquest Software has remained human focused while endowing itself with a mode of governance that is demanding, exemplary and worthy of a large group.

Avanquest Software has a Board of Directors, an Executive Committee, and a Compensation Committee. The powers of these governance bodies make it possible to manage decision-making collectively while taking into account the company’s strategic, technical, human and financial imperatives.

The Executive Committee defines Avanquest Software’s corporate policy. It is made up of the Group’s two founders, Bruno Vanryb, who is in charge of the company’s Global Strategy, together with Roger Politis, also responsible for R&D, and the Chief Financial Officer, Thierry Bonnefoi. It also includes the founders of Nova Development, an American company acquired in 2007, Roger Bloxberg and Todd Helfstein, today the CEO and President of Avanquest North America, respectively. Following the acquisition of Micro Application in 2011, its founder, Philippe Olivier, in charge of the Group’s European activities, joined the committee.

The Board of Directors is where the strategic thinking takes place; it has access to the same level of information as the Group’s Executive Committee. The diversity of its members’ cultures and experiences is a great asset for Avanquest Software, which has taken care to ensure that the Board is especially open to entrepreneurs and across the world.

Access to complete information

Its shareholders, analysts, journalists and employees

have permanent access to complete and transparent information on the life of the Group and its results. All data

are available in particular on Avanquest’s internet

and intranet sites.

Members of the Board of Directors:

The Group’s governance is completed by a Compensation Committee and an Investments Committee that advise the Board of Directors and Avanquest Software management in their respective areas of expertise, contributing a broad vision from outside the Group.

BRUNO VANRYB CO-FOUNDER AND CEO OF AVANQUEST SOFTWARE CHAIRMAN

ROGER POLITIS CO-FOUNDER AND MANAGING DIRECTOR OF AVANQUEST SOFTWARE MEMBER

ROGER BLOXBERG CO-FOUNDER OF NOVA DEVELOPMENT AND CEO OF AVANQUEST NORTH AMERICA MEMBER

TODD HELFSTEIN CO-FOUNDER OF NOVA DEVELOPMENT AND PRESIDENT OF AVANQUEST NORTH AMERICA NON-VOTING MEMBER

ANDY GOLDSTEIN FOUNDER OF MEDIAGOLD, LECTURER IN ENTREPRENEURSHIP AT THE UNIVERSITY OF MUNICH MEMBER

FRÉDÉRIC BEAUVAIS REPRESENTATIVE OF FSI, PRESIDENT OF PHORA CAPITAL ADVISERS MEMBER

OLIVIER HUA PARTNER WITH IDINVEST PARTNERS NON-VOTING MEMBER

SERGE BEDROSSIAN REPRESENTATIVE OF FSI NON-VOTING MEMBER

CHRISTOPHE ALLARD FORMER PRESIDENT OF TELEPERFORMANCE INDEPENDENT MEMBER

KEN BENDER FOUNDER AND CEO OF SOFTWARE EQUITY GROUP INDEPENDENT MEMBER

ROGER TONDEUR FOUNDER AND PRESIDENT OF MCI INDEPENDENT MEMBER

JULIEN CODORNIOU HEAD OF STRATEGIC PARTNERSHIPS AT FACEBOOK INDEPENDENT MEMBER