Crédit Mutuel Arkéa's Board of Directors comprises 20 directors and one non-voting director:
16 directors representing the members. They are elected at the Annual General Meeting and come from the reference territories of Crédit Mutuel Arkéa's activities, namely:
12 directors in respect of the caisses affiliated to the Crédit Mutuel de Bretagne federation;
3 directors in respect of the caisses affiliated to the Crédit Mutuel du Sud-Ouest federation;
1 director in respect of the caisses affiliated to the Crédit Mutuel Massif Central federation.
2 independent directors: elected by the Annual General Meeting of Shareholders on 4 May 2017, they were previously approved by Crédit Mutuel Arkéa's Appointments Committee and Board of Directors;
2 directors representing employees. They are appointed by the Central works council.
The Board of Directors is chaired by Jean-Pierre Denis, who, working closely with the Chief Executive Officer, Ronan Le Moal, represents Crédit Mutuel Arkéa in its external relations, notably with large clients, partners and governmental authorities at the regional, national and international levels.
As the lead governance body of Crédit Mutuel Arkéa, the Board of Directors adopted an operating charter whose guiding principle is intended to reaffirm the role of the directors and to strengthen ties between elected representatives and the company throughout the entire organization. The directors have the important responsibility of representing customer shareholders, for whom they are the natural spokesmen. The Board of Directors serves as a driving force and control mechanism for the ultimate benefit of customer shareholders while taking into account the Group’s strategic imperatives.
The role of the Executive Committee is to :
make recommendations to the Board of Directors with respect to the Group's strategy ;
direct the implementation of the stratefy set by the Board of Directors and allocate resources accordingly ;
determine the objectives for the Group's entities and monitor their realization ;
deal with issues involving the Group's organization and matters of general interest.