TITLE II: Statutory Auditors.

The regional council of statutory auditors sits in the principal town of the court of appeal and is designated by the name of that principal town. When regional companies are grouped together pursuant to the third paragraph of article L. 821-6, the regional council of the resulting company sits in one of the chief towns of the courts of appeal within its jurisdiction. This seat and the name of the…

The regional council is composed of: 1° Ten members if the regional company has fewer than three hundred natural person members; 2° Twelve members if the regional company has between three hundred and four hundred and ninety-nine natural person members; 3° Sixteen members if the regional company comprises between five hundred and eight hundred and ninety-nine members who are natural persons; 4° Twenty-two members if the regional company comprises at…

The regional council may not include more than half of the members belonging to the same company.

I.-The members of the Regional Council are elected for a term of four years, by secret ballot, on the basis of a single-round list, with the submission of a list containing as many candidates as there are seats to be filled, without the addition or deletion of names and without any change in the order of presentation. Where regional companies are grouped together pursuant to the third paragraph of Article…

If the number of members of the Regional Council is reduced by more than half, a by-election shall be held within two months to fill the vacant seats. The term of office of the members thus elected expires on the same date as that of their predecessors. There is no need for a by-election if the next election is due to take place within six months.

Any candidate for election as a member of a regional council shall send his candidacy to the council’s head office, by registered letter with acknowledgement of receipt, at least one month before the date set for that election. Outgoing members of a council shall be immediately eligible for re-election only once.

The regional council elects from among its members by secret ballot, for a term of four years, a chairman, one or two vice-chairmen, a secretary and a treasurer, who constitute the bureau. The number of members of the executive committee may be increased to seven or nine if the number of members of the regional company exceeds five hundred or one thousand respectively. The term of office of the chairman…

The Regional Council may only validly deliberate if at least half of its members are present. In the absence or impediment of one or more members and to the extent necessary to achieve a quorum, the Regional Council may call to sit the oldest members of the company in the order of registration on the list and, in the event of equality of date of registration, the oldest. Decisions are…

The Regional Council keeps a register of its deliberations. The minutes of each meeting are signed by the chairman and the secretary.

The Regional Council is convened by the Chairman when necessary and at least once every six months. It must be convened by the Chairman at the request of at least half of the members of the Council. The meeting shall take place within fifteen days of receipt of the request by the Chairman.