French Monetary and Financial Code
In forceI.-The two members of the Supervisory Board mentioned in 9° of Article L. 518-4 are elected for three years by and from among the members of the staff delegation of the Joint Information and Consultation Committee of Caisse des Dépôts et Consignations.
II -Their election takes place during the installation meeting following the renewal of the members of the staff delegation within the joint information and consultation committee.
Two separate ballots will be held: in the first ballot, only women will be eligible to stand; in the second ballot, only men will be eligible to stand.
III - Subject to the provisions of the previous paragraph, all members of the staff delegation of the Joint Information and Consultation Committee may stand for election.
Applications must be sent to the Chief Executive Officer of Caisse des Dépôts et Consignations or to his representative with authority in matters of human resources management or industrial relations, no later than ten working days before the date of the meeting of the Joint Information and Consultation Committee at which the election is due to take place.
The members of the staff delegation on the Joint Information and Consultation Committee are informed of the candidacies at least five working days before the date of the meeting at which the election is due to take place.
IV - The election of the two members representing the staff shall take place by secret majority ballot in two rounds. The candidate who obtains an absolute majority of the votes cast in the first ballot or a relative majority in the second ballot shall be declared elected.
In the event of a tie in the second ballot, a third ballot shall be held. The candidate with the relative majority is declared elected. In the event of a tie in the third round, the candidate with the most seniority within Caisse des dépôts et consignations and its subsidiaries shall be declared elected.
The mandate of the newly elected members takes effect at the end of the mandate of the members they replace on the Supervisory Board. The results of the election are published on the Caisse des Dépôts Group website and the Supervisory Board is informed.
V.-If a member representing staff on the Supervisory Board is permanently unable to serve, a new member shall be elected. The term of office of the replacement elected in this way, who must be of the same gender as the person he/she replaces, ends when the initial term of office expires.
A member representing staff on the Supervisory Board may be permanently prevented from serving if that member resigns or if the relationship between that member and Caisse des dépôts et consignations or one of its subsidiaries is severed.
