The Director General of the Institute shall forward to the Ministers responsible for industrial property and the budget for approval, accompanied where appropriate by the opinion of the member of the General Economic and Financial Control body, the decisions taken by the Board of Directors in the exercise of the following powers: approval of the budget and any amendments thereto, the financial statements for the financial year ended and the appropriation of profits, determination of pricing policy guidelines, general conditions of employment and staff remuneration, decisions to create or abolish subsidiaries, to acquire or dispose of equity interests, to purchase, sell or lease real estate, authorisation of loans and acceptance of gifts and bequests.
Decisions relating to the general conditions of employment and remuneration of staff are also forwarded to the Minister responsible for the civil service. They are automatically enforceable one month at the latest after their receipt by the ministers responsible for industrial property, the budget and the civil service if none of them has objected within this period.
The other deliberations are automatically enforceable one month at the latest after their receipt by the ministers in charge of industrial property and the budget if neither of them has objected within this period.
Decisions relating to the budget and the financial account are enforceable under the conditions laid down in Title III of Decree no. 2012-1246 of 7 November 2012 relating to public budgetary and accounting management.
The Minister responsible for the budget may delegate his signature to the member of the General Economic and Financial Control body for the approval decisions provided for in this article.