T A B L E O F I N D I C A T O R S
IN 2020
THE MAXIMUM PERCENTAGE OF SHARES
THAT A MEMBER OF
THE SUPERVISORY BOARD MUST
HOLD IN A COMPANY WISHING
TO ENTER INTO A CONTRACT WITH
SOCIÉTÉ DU GRAND PARIS
5%Public authority prerogatives Société du Grand Paris benefits from
certain public authority prerogatives to
build the Grand Paris Express.
It will not operate the new metro; this will
be the responsibility of a network operator.
Financing for the project is guaranteed over
the long term by the government and relies
heavily on taxation through the underwriting
of loans that will be amortised until 2070.
Société du Grand Paris therefore has
no shareholder and is not active in the
competitive marketplace.
ACTION 10 Have independent governance bodies
Société du Grand Paris is led by a Management Board under the authority of a supervisory
board made up of government representatives and local elected officials. Its members
must abide by clearly defined ethical rules to prevent the risks of corruption and conflicts
of interest.
Management Board
The Chairman of the Management Board must submit a declaration of assets and interests
to the High Authority for Transparency in Public Life within two months of taking office.
Supervisory Board
Each member must submit a declaration of interests to the government s commissioner
(the prefect of the Île-de-France region) at the beginning of his or her term of office and at each
change of position. No contract between Société du Grand Paris and an entity of which a member
of the Supervisory Board or Management Board is a director as defined by the Commercial
Code may be entered into without the authorisation of the Supervisory Board, unless the
agreement is an ordinary transaction under normal market conditions. Furthermore, members
of the Supervisory Board involved in a conflict of interest during the consideration of a resolution
must not take part in the discussion or vote.
Audit and Commitments Committee
The Audit and Commitments Committee is responsible for issuing opinions and comments
to inform the Supervisory Board of the investment, audit, internal control, and risk management
policy of Société du Grand Paris, as well as its budget, finance, and accounting management.
It also verifies the independence of the statutory auditors. The members of the Audit and
Commitments Committee must report any conflicts of interest. Should any such conflict arise,
they must refrain from taking part in the committee s work on the issues in question.
The chairman of the committee may take any necessary measures to prevent such risks.
Rules laid down by law The rules governing the composition,
structure and operation of Société du
Grand Paris are set out in the Grand Paris
Act 2010-597 of 3 June 2010.
An implementing decree issued by
the Council of State and published in the
Official Journal 2010-756 of 7 July 2010
defines the composition of its governance
bodies, the conditions and procedures for
appointing their members, and their powers.
F O C U S 4
RISKS AND CHALLENGES
2020 ACTIVITY
CSR APPROACH
Actions
IDENTITY