French Monetary and Financial Code
In forceI. - The general management of La Monnaie de Paris is the responsibility of the Chairman of the Board of Directors, who is appointed under the conditions set out in article 10 of the aforementioned Act of 26 July 1983 and holds the title of Chairman and Chief Executive Officer.
The Chairman and Chief Executive Officer prepares, organises and directs the work of the Board of Directors and implements its decisions.
He ensures that the Board of Directors operates smoothly and, in particular, that the directors have all the information they need to carry out their duties.
He represents La Monnaie de Paris in legal proceedings, in all civil acts, in its dealings with third parties and in its international relations.
He is authorised to represent the State in European and international bodies competent in the field of metallic coins.
II. - The Chief Executive Officer has authority over all of the institution's departments and staff. He recruits all of the institution's staff, with the exception of technical civil servants from the Ministry of the Economy, Finance and Industry governed by Decree no. 68-270 of 19 March 1968. He is responsible for the individual management of all staff members, subject to the powers of the Minister for the Economy.
With regard to the civil servants governed by the decree of 19 March 1968, he has the power to impose the disciplinary sanctions in the first and second groups provided for in article 66 of the law of 11 January 1984 on statutory provisions relating to the civil service of the State, the power to impose disciplinary sanctions in the third and fourth groups against these same civil servants falling within the sole remit of the Minister responsible for the economy. However, in all cases, it is the responsibility of the Chairman and Chief Executive Officer to initiate the disciplinary procedure and to submit a report to the competent joint administrative committee sitting as a disciplinary board where consultation is necessary.
The decision of the Minister for the Economy imposing a penalty from the third or fourth group or explicitly waiving the imposition of such a penalty is forwarded to the Chairman and Chief Executive Officer, who notifies the official concerned. If the Minister expressly waives the imposition of a sanction from the third or fourth group or if the Minister fails to take a decision within four months of receiving the Chairman and Chief Executive Officer's proposal, the Chairman and Chief Executive Officer may decide to impose one of the sanctions from the first two groups provided for in Article 66 of the aforementioned Act of 11 January 1984.
III. - The Chairman and Chief Executive Officer may delegate his management powers and authorise the sub-delegation thereof under the conditions of procedure, form and duration determined by the institution's Board of Directors. He may grant delegations of signature. These delegations and sub-delegations are published in the Official Bulletin of the Ministry of the Economy, Finance and Industry.
