Subsection 2: Board of Directors.

The Agency’s Board of Directors comprises twenty-three members appointed by order of the Minister for the Economy and Finance and the Minister for Tourism: 1° Seven representatives of holiday voucher beneficiaries, appointed respectively on the proposal of the following trade union organisations: – Confédération générale du travail ; – Confédération française démocratique du travail (French Democratic Labour Confederation) – Confédération générale du travail-Force ouvrière ; – l’Union nationale des syndicats…

The term of office for members of the Board of Directors is three years. The term of office is renewable. If a member ceases to hold office for any reason whatsoever, he shall be replaced within two months for the remainder of his term. The term of office of members who lose the capacity in respect of which they were appointed terminates ipso jure. They are replaced under the conditions…

The Board of Directors elects a Chairman from among the qualified individuals and a Vice-Chairman.

The members of the Board of Directors shall perform their duties free of charge. Their travel and subsistence expenses shall be reimbursed by the Agency in accordance with the conditions laid down for Agency staff.

The Board of Directors is convened by its Chairman as often as the smooth running of the institution requires and at least three times a year. A meeting may be convened at the request of one of the supervisory ministers or at least half of the members on a specific agenda. The Board of Directors may only validly deliberate if at least half of its members are present. If the…

The Board of Directors defines the general policy of the agency through its deliberations, which relate in particular to the following matters: 1° The annual programme and report of activities; 2° The estimates of revenue and expenditure and amending decisions; 3° The agency’s social action activity report; 4° The financial account, and the report noting the existence of any surpluses; 5° The allocation of the surplus of the net accounting…