The Board of Directors decides on the business of the company. In particular, it decides on the general conditions for the allocation of financial support and approves the budget. At the initiative of the Chairman, strategic and budgetary guidelines are the subject of regular consultation with the various professional sectors concerned.
The powers of the Chairman, particularly with regard to individual decisions to award financial support, as well as the composition, the procedures for appointing the members mentioned in 2° and 3° of Article L. 112-1, the operating procedures and powers of the Board of Directors are specified by decree in the Conseil d’Etat.