French Labour Code
In forceI.-The Board of Directors deliberates in particular on :
1° The general orientations of the establishment and its programme of activities developed in application of the missions defined in article L. 7345-1 ;
2° The annual activity report;
3° The general conditions governing the organisation and operation of the establishment, including its internal regulations;
4° The general conditions governing the recruitment, employment and remuneration of staff;
5° The initial budget and any amendments thereto;
6° The financial accounts and the allocation of income for the financial year;
7° the general terms and conditions for the conclusion of contracts and agreements which, by virtue of their nature or the financial amount involved, must be submitted to it for approval, and those for which it delegates responsibility to the Executive Director of the institution;
8° legal proceedings and settlements;
9° the acceptance or refusal of gifts and legacies.
II - The Board of Directors is consulted on :
1° The general conditions for the organisation of the ballot mentioned in article L. 7343-5 by the general manager of the establishment;
2° The list of organisations representing employees, drawn up on behalf of the State by the general manager of the establishment in application of article L. 7343-4.
III -The Board of Directors also decides on matters submitted to it by its Chairman or the ministers responsible for the institution.
IV - The Board of Directors may delegate some of its powers to the Managing Director of the institution, with the exception of those mentioned in 1°, 2°, 5° and 6° of I. The Chief Executive Officer is accountable for the decisions taken under the delegations thus granted, in accordance with the procedures laid down by the Board of Directors.
