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Article L518-11 of the French Monetary and Financial Code

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…

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Article L518-12 of the French Monetary and Financial Code

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…

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