Article 15
Composition of the Board of Directors The company shall be administered by a Board composed on an even number of Directors which shall not be less than four nor more than 12, half of whom shall represent Électricité de France and the other half the Class B shareholders. The Directors representing Électricité de France shall be appointed by that establishment. The Directors representing the Class B shares shall be elected by the general meeting of shareholders; Électricité de France shall not take part in this election. A legal person may be nominated as a Director, but, once he has been nominated, he must appoint a natural person who shall be his permanent representative on the Board of Directors; the office of permanent representative of a legal person in his capacity as Director of a Company shall be conferred for the duration of the functions as Directors of that legal person. When the legal person revokes the appointment of his representative, he shall be required to provide simultaneously for a replacement : this also applies in the case of the death or resignation of the representative. Any changes that occur in respect of the natural person representing a legal person must be notified forthwith to the company of which the legal person is a Director. The permanent representative's authority to act must be confirmed on each renewal of the term of office of the mandator company as Director.