Governance
CNP Assurances continues to pursue the development of its business activities, speed up its transformation and launch strategic projects for the Group, with the attentive and unstinting support of its Board of Directors.
The Chief Executive Officer is responsible for executing the strategy adopted by the Board. He is assisted in this task by the Executive Committee made up of the heads of the Company’s key areas. The Committee plays a coordinating role, giving its attention to all Company-wide issues.
The consistency of the Group’s strategic management is underpinned by the fact at least one Executive Committee member sits on the board of directors of the main subsidiaries in France and at least half the directors of subsidiaries outside France are appointed by CNP Assurances.
Thanks to its robust and predominantly public-sector ownership structure, CNP Assurances can take a long-term view of its development.
Ownership structure(1)(at 31 December 2016)
40.8% Caisse des Dépôts(2)
36.3 % Sopassure, a holding company
owned by La Banque Postale and BPCE Group
1.1% French State(2)
21.8% Institutional and individual investors
(1) Percentage shareholdings of CNP Assurances
(2) The holdings of our main shareholders include the portion covered by the Shareholders’ Agreement (i.e. Caisse des Dépôts: 34.6%, Sopassure: 30.7%, French State: 0.9%) and the portion of the free float they hold (i.e. Caisse des Dépôts: 6.2%, Sopassure: 5.6%, and the French State: 0.2%.)