The Supervisory Board
Since the creation of Caisse des Dépôts,
the role of the Supervisory Board has been to oversee the proper management of the Group and the decisions of the Chief Executive Officer.
It is chaired by a Member of Parliament who, at least once a year, reports the work carried out back to Parliament through a report about Caisse des Dépôts’ debates and opinion.
Three founding texts
Placed “in the most special way, under the control and protection of the legislative authority” by the Law of 1816, Caisse des Dépôts is the only European financial institution able to avail itself of national protection.
The Law for the Modernization of the Economy of 4 August 2008 increased Caisse des Dépôts’ powers by placing the mutual savings fund under its control and by allowing it to give its opinion on the strategies of the public institution and its subsidiaries, the missions carried out in the public interest, the general financial situation and the Group’s accounts.
More recently, the Pacte Law of 22 May 2019 further increased Caisse des Dépôts’ role by transforming the Supervisory Board into a deliberative body. It can now adopt the institutional budget, deliberate on the risk management strategies of the public institution and its subsidiaries, and approve company accounts and consolidated financial statements.
Structure of the Supervisory Board:
The Pacte Law modified the structure of the Supervisory Board, increasing its number of members from 13 to 16. The role of Members of Parliament has been maintained (three deputies and two senators), while the number of people appointed by the Parliament increased from three to five. Furthermore, two representatives from the staff of Caisse des Dépôts will now be present. Lastly, the State is now represented by the Director General of the Treasury, or her representative, and appoints three people. From now on, the rule of gender equality must be respected.
The Supervisory Board is also supported by a General Secretariat.
Since 2003, the Supervisory Board has had internal rules of procedure that set out its rights, resources and its interaction with the Chief Executive Officer. These rules also set out the role of the specialized committees set up within the Supervisory Board to strengthen its analytical and supervisory capacity:
- The Audits and Risks Committee
- The Savings Committee
- The Investments Committee
- The Appointments and Compensation Committee
- The Strategy Committee
Conseillère d’Etat, personnalité qualifiée nommée par le président de l’Assemblée nationale
Rapporteure générale de la Cour des Comptes, personnalité qualifiée nommée par le président de l’Assemblée nationale
Economiste, personnalité qualifiée nommée par le président de l'Assemblée nationale
Conseiller maître à la Cour des comptes (personnalité qualifiée désignée par le président du Sénat)
Présidente de la chambre de la Cour des comptes
The Strategy Committee
The Chief Executive Director presides over the Executive Committee, which is the main governing body of Caisse des Dépôts. Following parliamentary approval, the President of the French Republic appoints the CEO for a period of five years.
Upon taking office, the CEO swears before the Supervisory Board to preserve the integrity of Caisse des Dépôts.
The Executive Committee, which the CEO presides over, is the main governing body of Caisse des Dépôts.
Its structure reflects the five areas that represent the core of the Group’s activities :
- Supporting regional projects.
- Financing companies through our joint subsidiary with the State, Bpifrance.
- Pensions and professional training.
- Asset management.
- Monitoring subsidiaries and shareholdings.
In addition to these, the support departments essential for us to carry out these activities.
The CEO decides our strategy, monitors the operational performance of Caisse des Dépôts and ensures that the services offered meet client, partner and user needs.