FRR's organisation

The Supervisory Board

Supervisory Board members include legislators, labor/management stakeholders, representatives of the ministries under whose general supervision the FRR operates (i.e., the ministries of Social Security and of the Economy, Finance and Industry) and individuals with recognized credentials in fields that are relevant to Fund’s stated missions. The Board, which currently counts twenty members, is required to meet a minimum of twice yearly.

Composition

The Board’s twenty members are chosen from among:

• The legislative branch of government (two representatives from the French National Assembly - Assemblée Nationale - and two from the French Senate - Sénat);
• Representatives of social security beneficiaries, designated by general labor and trade unions with nationwide scope (five members);
• Representatives of employers and self-employed workers, appointed by representative employers’ and self-employed workers’ unions (five members);
• Representatives of the executive branch of government (four members, of which one from the Ministry of the Economy, one from the Ministry of the Budget, and two from the Ministry in charge of Social Security);
• Individuals with recognized credentials in fields considered to be relevant to the FRR’s stated missions (two members).

The chairman of the FRR Supervisory Board is appointed from among its members by decree. Since November 24, 2017, Mr. Jean-Louis Beffa, Honorary Chairman and member of the Board of Directors of Saint Gobain, has served as interim chairman of the Board. With Mr. Pierre-Yves Chanu, Confederal advisor of the trade union CGT and member of the Pension Advisory Council, they serve as vice-chairmen.

The members of the Surpervisory Board are the following:

Membres de l’Assemblée Nationale

Eva Sas, Arnaud Simion

Membres du Sénat

Philippe Mouiller, Solanges Nadille

Personnalités qualifiées

Philippe Tibi, Vice-Président du Conseil de Surveillance
Sandrine Lemery, Présidente du Conseil de Surveillance

Représentants des assurés sociaux désignés par les organisations syndicales interprofessionnelles représentatives au plan national

Confédération générale du travail

Olivier Blamangin, depuis le 5 décembre 2024, Vice-Président du Conseil de Surveillance, suppléante Hélène Guerra

Confédération générale du travail Force ouvrière

Philippe Soubirous, suppléant Eric Gautron

Confédération française démocratique du travail

Laetitia Tankwe, suppléant Thibault Sellier

Confédération française des travailleurs chrétiens

Isabelle Sancerni, suppléant Pierre-Alexis Vandenboomgaerde

Confédération française de l’encadrement – CGC

Jean-Arnaud Guyard, suppléante Christine Diebold

Représentants des employeurs et travailleurs indépendants

Mouvement des entreprises de France

Eric Pinon, suppléant Jacques Vessaud
Clara Tousch suppléant Eric Andrieu
Philippe Poiget, suppléant Nicolas Bondonneau

Confédération des petites et moyennes entreprises

Alain Duffoux, suppléant Michel Giordano

Union des entreprises de proximité

Corinne Postel

Représentants du ministre chargé de la sécurité sociale nommés par arrêté du ministre chargé de la sécurité sociale

Pierre Pribile, suppléant Etienne Barraud
Thomas Ramilijaona

Représentant du ministre chargé de l’économie, des finances et de l’industrie, nommé par arrêté du ministre chargé de l’économie, des finances et de l’industrie

Christophe Bories, suppléant Martin Landais

Représentant du ministre chargé du budget nommé par arrêté du ministre chargé du budget

Elise Delaître, suppléant Olivier Dufreix

Responsibilities

The Supervisory Board is responsible for:

• Defining, on the recommendation of the Executive Board, general investment policy orientations for the Fund’s assets (Strategic Allocation), in accordance with the objective and timeframe for use of the Fund’s resources, as welll as with the prudent man and risk diversification principles;
• Appointing the independent auditors of the Fund;
• Auditing the Fund’s performance;
• Approving the Fund’s annual financial statements;
• Preparing an annual report on Fund management for public disclosure.

Supervisory Board Committees

Several bodies arise from the Supervisory Board:

• the accounts and audit committee;
• Since 2009, the strategic investment committee (SIC);
• The responsible investment committee (RIC).

Each of these bodies meets an average of one to two times per year.
The SIC is the body with the most frequent meetings, to provide an update on the financial and the economic context, and if needed, to provide opinions on financial management evolution.