Subsection 2: Responsibilities

The Board of Directors deliberates in particular on : 1° The establishment’s strategic guidelines ; 2° The initial budget and amending budgets, as well as the financial statements and the allocation of the results for the financial year; 3° The general conditions for the allocation of financial aid, including temporary or experimental aid; 4° The guidelines for the acquisition and deposit policy provided for in 5° of article L. 111-2…

The Board of Directors may delegate to the Chairman some of the powers provided for in 6°, 9°, 10° and 11° of article R. 112-4, under the conditions it determines. The Board of Directors may also delegate to the Chairman some of the powers provided for in 3° and 5° of article R. 112-4 for the implementation of temporary or experimental financial aid. The Chairman reports on the decisions he…

The deliberations relating to the budget provided for in 2° of Article R. 112-4 are deemed to have been approved on expiry of a period of fifteen days following their receipt by the supervisory ministers under the conditions set out in article 176 of decree no. 2012-1246 of 7 November 2012 on public budgetary and accounting management. The decisions concerning the financial account provided for in 2° of article R….