2014 Registration Document and Annual Financial Report - page 266

Financial Statemements
Consolidated Financial Statements and Notes
5
NOTE 43
RELATED PARTYTRANSACTIONS
For the purpose of applying IAS 24, the Group has identified the
following related parties:
ƒƒ
all fully consolidated companies and all associated companies
accounted for by the equity method;
ƒƒ
all members of the Executive Committee and the Board of
Directors and the members of their direct families;
ƒƒ
all companies in which a member of the Executive Committee
or the Board of Directors holds material voting rights;
ƒƒ
companies that exercises significant influence over Accor;
ƒƒ
fully or proportionately consolidated companies by a company
that exercise significant influence over Accor.
Fully consolidated companies and
all associated companies accounted for
by the equity method
Relationships between the parent company and its subsidiaries,
joint ventures and associates are presented in Note 41.Transactions
between the parent company and its subsidiaries – which constitute
related party transactions – are eliminated in consolidation and are
therefore not disclosed in these notes. Transactions between the
parent company and its joint ventures and associates were not
material in 2013 and 2014.
Members of the Executive Committee
and the Board of Directors
Transactions with members of the Executive Committee and
Board of Directors are disclosed in full in Note 44. Commitments
towards members of the Executive Committee and the Board of
Directors, and direct or indirect agreements with one or several
Board members not entered into on arm’s length terms in the
normal course of business are described in the Auditors’ special
report on related party agreements included in Section III of the
2014 Registration Document.
Companies in which a member
of the Executive Committee or the Board
of Directors holds material voting rights
All transactions with companies in which a member of the Executive
Committee or the Board of Directors holds material voting rights
are conducted in the normal course of business on arm’s length
terms and are not material. Any agreements that did not fulfill this
criterion would be discussed in the Statutory Auditors’ special report
on related-party agreements and commitments.
Companies that exercises significant
influence over Accor
Colony Capital and Eurazeo, acting in concert, together exercise
significant influence over Accor through their shareholders’ pact
(see Note 3.E). Transactions between the parent company and
Eurazeo and Colony Capital were not material in 2013 and 2014.
An agreement with a Colony Group company is discussed in the
Statutory Auditors’ special report on related-party agreements and
commitments.
Registration Document 2014
264
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