Chapter II: Mutual and cooperative banks

The organe central du crédit agricole is a public limited company (société anonyme), responsible for facilitating, coordinating and controlling the performance of the operations provided for in this Code, governed by the provisions of the Code de commerce and by the specific provisions of this sub-section. It carries on the tasks which, prior to the promulgation of the law of 18 January 1988 relating to the mutualisation of the caisse…

One third of the voting rights attached to shares in the central body of Crédit Agricole held by the regional mutual credit banks are divided equally between the regional mutual credit banks and two thirds are divided in proportion to the number of shares held by each of them.

The Board of Directors of the central body of Crédit Agricole includes, in addition to the members appointed by the General Meeting under the conditions defined in articles L. 225-17 and L. 225-18 of the French Commercial Code, a representative of the professional agricultural organisations appointed under conditions laid down by decree in the Conseil d’Etat. The Board of Directors elects a Chairman, who must be a director of a…