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Governance

In 1816 when Caisse des Dépôts was founded, the rules of governance were established by law. They uphold two principles: the independence of the Supervisory Board and the autonomy of the Chief Executive Officer. These two principles ensure the stability of the Group and the continuity of its activities.

Crédit Xavier Popy / REA - Caisse des Dépôts - 2022

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 opinions.

Portrait Arnaud Bazin

©Sénat

 

 

Arnaud Bazin

Senator for Val-d'Oise
Interim Chairman of the Supervisory Board

 

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
  • The Social and Environmental Responsibility and Ethics Committee (CSR and Ethics).

 

 

 

The Strategy Committee

 

 

Directeur général de la Caisse des Dépôts

Eric Lombard
Chief Executive Director of Caisse des Dépôts

The Chief Executive Director presides over the Executive Committee, which is the main governance 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.

  • Directeur général délégué de la Caisse des Dépôts

    Olivier Sichel

    Executive Vice-President of Caisse des Dépôts and Director of Banque des Territoires

    Crédit © Frédérique Plas – Caisse des Dépôts – 2019

  • Directeur général de Bpifrance

    Nicolas Dufourcq

    Executive Director of Bpifrance

    Crédit © Frédérique Plas – Caisse des Dépôts – 2019

  • Catherine Mayenobe

    Catherine Mayenobe

    Director of Operations and Business Transformation Management

    Crédit © Frédérique Plas – Caisse des Dépôts – 2019

  • Directeur des Gestions d’Actifs – Directeur des Fonds d’Epargne

    Olivier Mareuse

    Director of Assets Management - Director of Saving Funds

    Crédit © Frédérique Plas – Caisse des Dépôts – 2019

  • Directrice des finances du groupe Caisse des Dépôts

    Virginie Chapron-du Jeu

    Director of Risks at the Caisse des Dépôts Group

    Crédit © Frédérique Plas – Caisse des Dépôts – 2019

  • Directeur des affaires juridiques, conformité et déontologie

    Pierre Chevalier

    Director of Legal Affairs, Compliance and Ethics of the Caisse des Dépôts Group

    Crédit © Frédérique Plas – Caisse des Dépôts – 2019

  • Marie-Laure Gadrat

    Marie-Laure Gadrat

    Chief of staff to the Chief Executive Director

    Crédit Jean Nicholas Guillo / REA - Caisse des Dépôts - 2023

  • Directrice de la communication du Groupe Caisse des Dépôts

    Sophie Quatrehomme

    Director of Communication of the Caisse des Dépôts Group

    Crédit © Frédérique Plas – Caisse des Dépôts – 2019

  • Antoine Saintoyant

    Director of Strategic Holdings of the Caisse des Dépôts Group, Vision Groupe Project Manager

    Crédit © Frédérique Plas – Caisse des Dépôts – 2020

  • Directrice des risques du groupe Caisse des Dépôts

    Nathalie Tubiana

    Director of Finance and Sustainable Policy

    Crédit © Frédérique Plas – Caisse des Dépôts – 2020

Find out how our governing structure works

Infographie CS 3

 

 

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