Governance presentation

The FRR is the only EPA* with a supervisory board and an executive board (the FRR's "executive").
This structure aims to clearly separate the executive function from the policy and oversight function.

Supervisory Board

It has twenty members and must meet at least twice a year.

Manager Selection Committee

It is composed of four independent members who are subject to ethical rules arising from their duties.

Executive Board

It is composed of three people and is chaired by the Chief Executive Officer of Caisse des Dépôts.

Accounting agency

She is responsible for maintaining the Fund's accounts.

Operations and Risk Management

It comprises five departments: Financial Performance and Risk, Operational Risk, Middle Office, Human Resources and Management Control, and the Information Systems Department.

Finance Department

It comprises two departments: Asset Allocation and Delegated Management, and Responsible Investment.

Legal and Communications Department

She ensures the legal security of the FRR's legal operations. She is also responsible for the FRR's communications.

Given its missions and the volume of funds managed, the FRR's structures have been established in such a way as to ensure:

• its independence, through its status;
• its transparency, as the nature of its resources requires that its strategic guidelines and accounts be regularly made public. The selection of companies responsible for managing the Fund's assets under mandate is also carried out in accordance with public procurement procedures (Public Procurement Code);
• the involvement of social partners and parliamentarians in the operation of the FRR, through the Supervisory Board.

* Only large seaports, which are dual-purpose public entities (both EPA and EPIC), have comparable governance structures.