At TotalEnergies, our priority is to keep you informed through listening and dialogue. These questions are your questions.
How can I donate my TotalEnergies shares to my granddaughter?
As a tax resident in France, to donate shares to your granddaughter as part of a formal procedure, you can make a simple binding donation in front of an attorney. Other options are open to you, including informal procedures like an informal gift or a hand-to-hand gift. An informal gift must be of low value in proportion to your estate and income. It is neither taxable nor included in inheritance and you are not obliged to declare it. Hand-to-hand gifts are considered as part of inheritance meaning there are certain administrative procedures to follow. It is taxable as soon as it has been declared to the administrative services.
If you are a shareholder with pure registered shares, you can contact the Société Général Securities Services. If you are a shareholder with bearer shares, you can contact your bank. Depending on how you decided to transfer ownership of your shares, you must contact the French tax services and/or your usual tax advisor to find out about any payable fees.
For tax residents outside France, transferring share ownership is also possible. However, as each country has its own laws, you need to find out the procedures that apply to your case and the different tax implications, and possibly ask for your situation to be assessed by professionals (tax authorities, legal and financial advisors, etc.).
To find out more about share gifts and transfers: www.notaires.fr/en
Can I open a registered shares account for my minor child?
In France you can open a registered shares or bearer shares account for your minor child. It is your responsibility to fulfill the formalities required by the authorities and act on behalf of your child until s/he turns 18. At Société Générale Securities Services, the signature of the child’s legal representatives is required, as well as a copy of the family record book or the child’s birth certificate, a copy of the child’s proof of identity, two proofs of identity for each legal representative, proof of address dating less than three months, either in the child’s name or in the name of his/her legal representatives, and the child’s bank details. Shareholders are reminded that the legal representatives cannot, without the prior authorization from the guardianship judge, carry out a deed involving transferable securities or financial instruments, if it commits the minor’s assets for the present or future through a significant change in its content, a significant depreciation in its capital value or a lasting alteration of the minor’s prerogatives. The legal representatives are therefore responsible, owing to their knowledge of the content of their child’s assets, for deciding whether or not to have recourse to a guardianship judge to obtain his/her prior authorization. As regards tax law, you will be taxed on the interests and capital since your child is part of your fiscal household. Minors are not authorized to open an equity savings plan (PEA).
How do I become a member of the e-CCA?
The purpose of the TotalEnergies Shareholders' e-Advisory Committee (e-CCA) is to facilitate regular and in-depth dialogue between the Company and its individual shareholders. The Committee comprises permanent or honorary members, actual shareholders, or VIPs qualified according to the criteria defined by TotalEnergies. Committee members are appointed for a one-year period, renewable on an annual basis, up to a limit of four years. TotalEnergies however, reserves the right to exceptionally extend the mandate of one or more members for a one-year period, in particular to ensure that the Committee operates correctly. The Committee is partially renewed every year. A push mail is usually sent at the end of the year to announce the recruitment campaign. You can then submit your application according to the terms and conditions listed in the call for applications. Members are selected based on their applications, and care is taken to ensure diversity in the composition of the Committee. The composition of the e-CCA aims to ensure that the TotalEnergies European individual shareholders are justly and fairly represented. Committee members waive the right to be members of more than one other shareholders’ advisory committee for the duration of their mandate on the TotalEnergies Committee.