The law on the modernisation of the economy (LME) of 4th August 2008 reinforces the competence of the supervisory board, the weight of Parliament within widens its setting up.
The supervisory board has thirteen members: three deputies, three qualified figures, including two nominated by the President of the Chamber of Deputies and one by the President of the Senate; a representative from the Highest Administrative Court; two representatives from the Cour of State Auditors; the governor of the Bank of France; the Treasury general manager.
Its role and the way it functions
The role of the Supervisory Board is to monitor Caisse des Dépôts' major decisions, strategic directions, shareholding initiatives, Savings Fund management and audit accounts .
It meets twice a month, in accordance with its adopted annual programme and calendar. Thus, in 2009, it had 23 meetings.
Since 2003, the supervisory board has had internal regulations which stipulate its rights and obligations and organises its relationship with the executive management.
These regulations also define the role of the specialised committees set up within the Commission to strengthen its analytical and surveillance capacities:
Internal regulations of the Supervisory Board Members
President of the Supervisory Board
- Michel Bouvard
Deputy for Savoie, Vice-President of the National Parliamentary Finance Committee
Members
- Jean-Pierre Balligand
Deputy for Aisne, vice-Chairman of the National Assembly, member of the Parliamentary Finance Committe - Arlette Grosskost
Deputy for Haut-Rhin, member of the Parliamentary Finance Committe - Jean Arthuis
Senator for Mayenne, Chairman of the Senate Finance Committe - Nicole Bricq
Senator for Seine et Marne, member of the Senate Finance Committe
- François Lavondes
Honorary member of the hightest Administrative Court - Daniel Houri
Senior Consellor, Court of State Auditors - Jean Picq
President of Chamber, Court of State Auditors - Christian Noyer
Governor of the Banque de France represented by: Robert Ophèle, deputy governor
Ramon Fernandez
Director of the French Treasury, represented by Corso Bavagnoli
- Franck Borotra
Former Minister of Industry and former member of the Chamber of Deputies (eminent personnality appointed by the President of the National Assembly)
- Pierre-Antoine Gailly
President of the Paris Chamber of Commerce and Industry and of the Union of the French CCI abroad (eminent personnality appointed by the President of the National Assembly)
- Martin Malvy
President of the Regional Council of Midi-Pyrénées (eminent personnality appointed by the President of the Senate)
The specialised committees:
The Audit and Risk Committee and the Saving Funds Committee are chaired by Arlette Grosskost. Their members are:
- for the Audit and Risk Committee: Daniel Houri (Rapporteur), Jean-Pierre Balligand, Jean Picq and Ramon Fernandez,
- for the Saving Funds Committee: Daniel Houri (Rapporteur), Jean Picq and Ramon Fernandez.
Michel Bouvard chairs the Nominations Committee, whose members are François Lavondes and Ramon Fernandez and the Investment Committee which brings together Nicole Bricq and Pierre-Antoine Gailly.
