The Supervisory Board
Caisse des Dépôts is a public financial institution established by the French Law of 28 April 1816 and governed by the French Monetary and Financial Code (Code monétaire et financier). Its status and governance are unique in France, giving it the capacity to manage private funds requiring special protection. This guarantee is exercised on a day-to-day basis by the Supervisory Board, whose mission was strengthened by the French Law on the Modernisation of the Economy of 2008 and the PACTE Act of 2019.
The Supervisory Board has 16 members: five members of French parliament (three members of the French National Assembly (deputies) and two senators), two employee representatives, one French State representative and eight qualified officials. Men and women are equally represented on the Board within the meaning of the Copé-Zimmermann Act. Chaired by a member of French Parliament and assisted by a General Secretary, it reports to French Parliament on its work at least once a year.
©Frédérique Plas - Caisse des Dépôts - 2024
Jean-René Cazeneuve
Chairman of the Supervisory Board
Members
©Frédérique Plas / Caisse des Dépôts / Sénat
- Marie Lebec, Deputy for Yvelines (4th constituency)
- Estelle Mercier, Deputy for Meurthe-et-Moselle (1st constituency)
- Viviane Artigalas, Senator for Hautes-Pyrénées
- Arnaud Bazin, Senator for Val-d'Oise
- Gabriel Cumenge, Deputy Assistant Secretary, French Treasury, representing the Secretary of the Treasury
- Emmanuelle Auriol, Professor of economics, qualified person, appointed by the President of the French National Assembly
- Denis Duverne, Honorary civil administrator, qualified person, appointed by the President of the French National Assembly
- Lucie Muniesa, Inspector General of France's national institute for statistics (INSEE), qualified person, appointed by the President of the French National Assembly
- Evelyne Ratte, Honorary President of the Chamber, Court of State Auditors, qualified person appointed by the President of the French Senate
- Marie-Claire Capobianco, Qualified person appointed by the French State
- Jean-Marc Janaillac, Qualified person appointed by the French State
- Marc Le Fur, Qualified person appointed by the French State
- Estelle Le Bihan-Chauvin, Caisse des Dépôts employee representative elected by the Joint Information and Coordinating Committee
- David Ble, Caisse des Dépôts employee representative elected by the Joint Information and Coordinating Committee
- Coming soon, Qualified personality appointed by the President of the French Senate
Main roles and responsibilities
The Supervisory Board is tasked with ensuring that Caisse des Dépôts performs the duties entrusted to it by law and that the State-owned group it forms with its subsidiaries carries out its public interest activities and its competitive activities in support of the country's economic development.
For this purpose, it supervises all of the Caisse des Dépôts Group's activities and ensures that its ownership interests are protected and its autonomy is respected.
The Supervisory Board is responsible for the permanent control of Caisse des Dépôts’ management, which is exercised by the Chairman and Chief Executive Officer.
It debates major decisions relating to the strategic policies of the Public Institution and its subsidiaries, the medium-term strategic plan, the implementation of public interest missions, the definition of the investment strategy of the Public Institution and its subsidiaries, the adoption of the Public Institution's budget, and the strategy and risk appetite with reference to a prudential model that it determines.
It approves the Group's financial statements and the general organisation and direction of the Group's internal control system, as well as the policy relating to equal pay and opportunities for all employees and for men and women.
The Supervisory Board's work is governed by its internal rules of procedure. Its supervisory capacity is strengthened by the following specialized committees:
- the Audit and Risk Committee
- the Savings Funds Committee
- the Investment Committee
- the Appointments and Remuneration Committee
- the Strategy Committee
- the Corporate Social Responsibility and Ethics Committee
©Caisse des Dépôts
Read the Supervisory Board's 2024 Activity Report [in French only]
Download 2023 Supervisory Board Rules of Procedure [in French only] PDF - 368 KB
Download 2024 Report to the French Parliament [in French only] PDF - 4.02 MB
Download 2023 Report to the French Parliament [in French only] PDF - 5.04 MB
Download 2022 Report to the French Parliament [in French only] PDF - 4.76 MB