Governance Overview
The FRR is a publicly owned, state-funded agency governed by an Executive Board and a Supervisory Board.
This organization aims to clearly separate the executive function from the guidance and oversight function.
Manager Selection Committee
It is composed of four independent members subject to ethical rules arising from their functions.
En savoir plus →Executive Board
It is composed of three members and is chaired by the Chief Executive Officer of the Caisse des Dépôts.
En savoir plus →Internal Accounting
It is responsible for maintaining the Fund's accounts.
En savoir plus →Operations and Risks Division
It comprises five departments: Performance and Financial Risks, Operational Risks, Middle-Office, Human Resources and Management Control, and Information Systems.
En savoir plus →Finance Division
It comprises two departments: Asset Allocation and Delegated Management and Responsible Investment.
En savoir plus →Legal and Communication Division
It ensures the legal security of FRR operations. It is also responsible for FRR communications.
En savoir plus →Consistent with its mission and in light of the volumes of funds it manages, the FRR has set up structures of management and government intended to ensure:
- Independence: This spirit is reflected in the FRR’s status;
- Transparency: Due to the nature of the FRR’s resources, its strategy and financial statements must be disclosed to the public at regular intervals. The process of awarding management mandates for the FRR’s assets is conducted in compliance with official government regulations on public bidding and requests for proposals (Public Tenders Code);
- Close involvement of labor/management stakeholders and legislators in the operation of the FRR, via its Supervisory Board.
* Only large seaports, which are dual-purpose public entities (both EPA and EPIC), have comparable governance structures.
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FRR's Missions
The FRR's mission is to invest and optimize returns on the monies entrusted to it by the public authorities on behalf of the community with the aim of financing the pension system.
Organization & Governance
The FRR is the only EPA* with a Supervisory Board and an Executive Board. This organization aims to clearly separate the executive function from the guidance and oversight function.
Investment Strategy
The FRR was entrusted by the legislator with the mission of managing the funds allocated to it, in order to build up reserves to help ensure the sustainability of eligible pension schemes.
Responsible Investment Strategy
The FRR's mission is to invest and optimize returns on the monies entrusted to it by the public authorities on behalf of the community with the aim of financing the pension system.
