French Monetary and Financial Code
In forceWithout prejudice to the provisions of
article 7 of law no. 83-675 of 26 July 1983on the democratisation of the public sector, the Board of Directors determines the guidelines for the establishment's activities and ensures that they are implemented.
In particular, it deliberates on
1° General measures relating to the organisation and operation of the establishment ;
2° Draft multi-annual company contracts;
3° The budget and any amendments to it during the financial year;
4° The annual activity report;
5° The annual programme of development, maintenance and major repairs to buildings belonging to the public institution and to buildings endowed to it;
6° The establishment's accounts and the allocation of the results for the financial year;
7° The creation of subsidiaries and the acquisition, sale or extension of financial holdings, as well as participation in economic interest groupings and public interest groupings;
8° Any industrial investment or divestment, any acquisition or sale of a business or complete branch of activity;
9° Any loan issued or contracted by the public body and any of its subsidiaries;
10° The granting by the establishment of any endorsement, surety or guarantee;
11° The acceptance or refusal of gifts and legacies;
12° the general conditions of recruitment, employment and remuneration of staff;
13° Contracts, agreements and markets;
14° the acquisition or disposal of real estate belonging to the institution;
15° Legal proceedings and any settlement or compromise intended in particular to prevent or put an end to commercial disputes;
16° Implementation of the institution's financial policy and risk monitoring and control.
The Board is regularly informed of the operations of the institution and, where applicable, those of its subsidiaries.
