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Article L512-64 of the French Monetary and Financial Code

The Board of Directors or the Supervisory Board comprises, in addition to ten representatives of the members, five representatives of the staff of the cooperative bank, including at least one manager, elected by all the employees of the bank by proportional representation and the highest average. The Chairman is elected by the Board of Directors; the Chairman of the Management Board is elected by the Supervisory Board. Their appointment is…

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