Our Governance

Caisse des Dépôts' rules of governance were set by law when it was created in 1816. This stability is the basis of Caisse des Dépôts' action.

The Supervisory Board

The Supervisory Board’s role is to oversee the major decisions, the strategic directions, the equity participations, the management of the savings funds and the verification of the Caisse des Dépôts’ accounts. It also determines the prudential model and its developments.

The French Law of Economic Modernisation (LME) of 04 August 2008 strengthened the competencies of the Supervisory Board, the French parliament’s power at its heart and widened its composition.

Once per year, its Chairman reports to the French parliament, presenting the report from the Supervisory Board on the financial situation of Caisse des Dépôts.

The Supervisory Board’s composition is set by the French Law of Economic Modernisation (2008): - three deputies, - two senators, - three qualified officials, including two named by the President of the National Assembly and one by the President of the Senate; - a representative of the State Council; - two representatives from the Court of Audit; - the Governor of the Bank of France; - the Head of the Treasury.

Since 2003, the Supervisory Body has been equipped with internal regulations which specify its rights and duties and organise its relations with the executive management. These regulations also define the role of the specialised committees formed within the Board to strengthen its ability to analyse and monitor: - the Account Auditing and Risk Assessment Committee, created in 2003 – the Savings Fund Committee, created in 2003 - the Investments Committee, created in 2008 – and the Nominations Committee, created in 2008. Finally there was the Bpifrance Monitoring Committee, created in 2014.



“The Caisse des Dépôts' Management Committee is the main steering body of the Caisse des Dépôts public body. Chaired by the Chief Executive Officer of Caisse des Dépôts, it confirms the strategic directions of the public body as well as the yearly objectives of the managements which make it up and the means which are allocated to them. It monitors the operation performance of the public body and ensures its offer properly meets the needs of its customers, partners and users.”


Nathalie Tubiana

Risk Director of the Caisse des Dépôts Group
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