Article L518-5 of the French Monetary and Financial Code
November 7, 2023
The Supervisory Board elects its Chairman. It chooses the chairman from among its members. In the event of a tie, the Chairman has the casting vote.
The Supervisory Board elects its Chairman. It chooses the chairman from among its members. In the event of a tie, the Chairman has the casting vote.
Appointments are made for three years and published in the Official Journal. In its rules of procedure, the Supervisory Board sets out the procedures for preventing conflicts of interest, in particular the declarations of interest that members must make to its chairman.
The Supervisory Board ensures ongoing control of the management of Caisse des dépôts et consignations by the Chief Executive Officer. It may delegate some of its powers to the Chief Executive Officer, who shall report to it on the decisions he has taken by virtue of this delegation. It is provided with sufficient resources to ensure the proper performance of its duties and the mandate of its members, in accordance…
The Supervisory Board has an Investment Committee and other specialised committees, the list and powers of which are set out in its internal regulations. The role of the Investment Committee is to oversee the implementation of Caisse des Dépôts et Consignations’ investment policy. It is informed in advance of transactions that lead Caisse des dépôts et consignations to acquire or dispose of equity securities or securities giving access to the…
In order to carry out its duties, the Supervisory Board carries out checks and controls and obtains all the documents it deems necessary. It may submit observations and opinions to the Managing Director. The Supervisory Board may decide to make its observations and opinions public.
The Supervisory Board’s report on the moral and material management of the institution during the past year is sent to Parliament before 30 June. This report includes, for the year in question, the minutes of the committee’s meetings, to which are appended the opinions, motions or resolutions that it has voted, as well as the table of estimated resources and uses of the general section and the savings sections, which…
Caisse des dépôts et consignations is headed by a Chief Executive Officer appointed for a five-year term. The Chief Executive Officer takes an oath before the Supervisory Board. He may be dismissed after receiving the opinion of the Supervisory Board, which may decide to make it public, or on the recommendation of the Supervisory Board. The Managing Director may appoint one or more Deputy Managing Directors, to whom he may…
The General Manager is responsible for managing the funds and assets of the Caisse. He implements the guidelines approved by the Supervisory Board, particularly in terms of internal control and risk management. At least once during the calendar year, he is heard on the Caisse des dépôts et consignations’ intervention policy by the standing committees responsible for finance and economic affairs, which may be convened for this purpose in each…
Caisse des Dépôts et Consignations is subject to the rules applicable to commercial accounting.
Caisse des Dépôts has agents for the service entrusted to it in all towns where there is a court of law. The General Manager may call upon the State’s public accountants to carry out the receipts and expenditure relating to Caisse des Dépôts et Consignations in the départements. The compensation paid for this service is agreed between the Minister for the Economy and the Supervisory Board.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
