French Intellectual Property Code
In forceThis body is the supervisory board when the undertaking has one. The provisions of the second paragraph of article L. 225-68 of the French Commercial Code only apply if the General Meeting has made use of the power to delegate granted to it by article L. 323-7.
This body may only be a committee composed of directors of the Board of Directors who do not take part in the management of an organisation when the latter has adopted the form of an association whose Articles of Association do not grant the Board of Directors powers to manage the association.
It meets at least once every six months. Its role is to:
1° Monitor the activities of the management, administrative and executive bodies, in particular the implementation of decisions taken by the General Meeting, especially with regard to the general policies listed in points a to d of the fourth paragraph of Article L. 323-6;
2° Exercising the powers delegated to it by the General Meeting, in particular in the cases provided for by Article L. 323-7;
3° Issuing an opinion on refusals by the collective management organisation to requests for documents submitted by its members pursuant to Article L. 326-5.
It reports to the general meeting at least once a year on the performance of its duties.
