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Article R121-12 of the French Monetary and Financial Code

The Board of Directors may, in the matters listed in 7°, 8°, 9°, 10°, 11°, 13°, 14° and 15° of article R. 121-9, delegate its powers to the Chairman and Chief Executive Officer under the conditions and within the limits, including any financial thresholds, that it determines. The Chairman and Chief Executive Officer shall report to the next meeting of the Board on the decisions he has taken by virtue…

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Article R121-13 of the French Monetary and Financial Code

The decisions of the Board of Directors are enforceable fifteen days after receipt of the minutes by the Minister for the Economy, unless the Minister objects. However 1° Decisions relating to the budget, annual accounts, acquisitions, disposals and exchanges of property are enforceable fifteen days after receipt of the minutes by the Minister for the Economy and the Minister for the Budget, unless one of these ministers objects; 2° Resolutions…

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Article R121-14 of the French Monetary and Financial Code

I. – The general management of La Monnaie de Paris is the responsibility of the Chairman of the Board of Directors, who is appointed under the conditions set out in article 10 of the aforementioned Act of 26 July 1983 and holds the title of Chairman and Chief Executive Officer. The Chairman and Chief Executive Officer prepares, organises and directs the work of the Board of Directors and implements its…

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Article R121-15 of the French Monetary and Financial Code

The Board of Directors may, on the recommendation of the Chairman and Chief Executive Officer, appoint a Deputy Chief Executive Officer to assist the Chairman and Chief Executive Officer. Where appropriate, the Board of Directors shall specify the responsibilities of the Deputy Chief Executive Officer and determine his term of office. If the Chairman and Chief Executive Officer ceases to hold office or is prevented from carrying out his duties,…

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Article R121-16 of the French Monetary and Financial Code

In terms of financial management and accounting, the public establishment La Monnaie de Paris is subject to the rules applicable to industrial and commercial companies. It keeps its general accounts in accordance with the regulations of the Autorité des normes comptables. It keeps analytical accounts.

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Article R121-17 of the French Monetary and Financial Code

The institution’s expenditure includes operating costs, expenditure on the acquisition of movable and immovable property, the cost of refurbishment, maintenance and major repairs to the buildings endowed to it and, in general, all expenditure necessary for the performance of its duties.

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Article R121-20 of the French Monetary and Financial Code

The establishment is subject to economic and financial control under the conditions laid down by decree no. 53-707 of 9 August 1953 relating to State control of national public companies and certain bodies with an economic or social purpose and by decree no. 55-733 of 26 May 1955 relating to the economic and financial control of the State.

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