Well-balanced corporate governance
The Supervisory Board of BPCE is comprised of 19 members: 7 members from the Caisses d'Epargne, 7 members from the Banque Populaire banks, 3 independent members and 2 employees’ representatives, appointed by the trade unions representing Group employees.
The role of the Supervisory Board is to maintain constant oversight over the managerial activities of the Management Board. This oversight includes monitoring the appropriateness of actions taken and their regulatory compliance. The cooperative shareholders are represented on the Supervisory Board by the Chairmen of the Banque Populaire banks Boards of Directors and by the Chairmen of the Caisses d’Epargne Steering and Supervisory Boards.
Four specialized committees assist the Supervisory Board in its deliberations and decisions. All the committees have an equal number of representatives from the Caisse d'Epargne and Banque Populaire retail banking networks.