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.
