An engaged Mission Committee: choosing the common good

The Mission Committee consists of 10 complementary areas of expertise: one-third experts, one-third directors and elected directors, and one-third employee representatives.

The tripartite composition of the Mission Committee (representatives of customers and members, employees and independent experts) makes it possible to exchange views and enrich discussions. The chairmanship of the Mission Committee was entrusted to someone from outside the company, Fleur Pellerin. The members of the Mission Committee were selected for their complementary expertise and their sensitivity to social, environmental and technological issues. They all share the same desire to contribute to the success of Crédit Mutuel Alliance Fédérale’s virtuous approach.

Members of the Mission Committee

Three independent experts

Three independent experts offer an external and complementary perspective of present and future commitments:

Fleur Pellerin, former government minister, founder and CEO of Korelya Capital.

Camille Putois, Chief Executive Officer of the Business for Inclusive Growth (B4IG) business coalition.

Xavier Jaravel, Professor at the London School of Economics (LSE) and member of the Conseil d'Analyse Économique (CAE).

Three directors

Three directors sit on the Mission Committee. They represent Crédit Mutuel Alliance Fédérale’s customers and members, whose needs – and those of society more broadly – are the focal point of the Mission Committee's discussions and exchanges.

Their functions on Boards of Directors and the Mission Committee ensure a proper connection between these governance bodies:

Sandrine Pelletier, Chair and CEO of the APLIX group and director of CIC Ouest.
Jean-Louis Maitre, Chairman of Fédération du Crédit Mutuel Savoie-Mont Blanc.
Marie-Jean Boog, Chair of the Sarrebourg district (Fédération Crédit Mutuel Centre Est Europe).

Three employees

Crédit Mutuel Alliance Fédérale wanted to ensure a fair balance by appointing three employees. Their in-depth knowledge of the company provides relevant insight into discussions:

Laurent Torre, director representing employees of Caisse Fédérale de Crédit Mutuel.
Audrey Hammerer, director representing employees of Caisse Fédérale de Crédit Mutuel.
Laurent Nallet, representing CIC employees.

Fleur Pellerin

Camille Putois

Xavier Jaravel

Sandrine Pelletier

Jean-Louis Maitre

Marie-Jean Boog

Laurent Torre

Audrey Hammerer

Laurent Nallet

Monitor and guide the approach

Benefit corporation status entails the creation of a governance body: the Mission Committee. This committee has two goals:

Verify fulfillment of the commitments made by Crédit Mutuel Alliance Fédérale. In concrete terms, the Mission Committee must monitor changes in indicators and ensure that the company takes the necessary measures to make progress and achieve the goals set.
Support Crédit Mutuel Alliance Fédérale in its strategic thinking and choices related to benefit corporation status. The role of the Mission Committee is to question the strategy implemented and actions taken by the company to ensure that continuous progress is made. The wealth of expertise of its members should enable the Mission Committee to guide Crédit Mutuel Alliance Fédérale towards new initiatives and work areas.

Regular interactions with the group's governance

To complete its work, Crédit Mutuel Alliance Fédérale’s Mission Committee meets in a plenary session at least three times a year. The Mission Committee’s thoughts and proposals are presented to the group’s Strategy Board and “parliament” (Chambre Syndicale et Interfédérale).

The Boards of Directors of Caisse Fédérale de Crédit Mutuel and CIC are regularly informed of the progress of the work. Each year, a report of the Mission Committee is submitted to the boards and shareholders' meetings of Caisse Fédérale de Crédit Mutuel and CIC.

What lessons were learned in the first year ?

The work of the Mission Committee has made it possible to build an open dialogue with the company, enhance proposals and further develop the approach. The impact of medium-term commitments and the principles of the societal dividend were discussed. Building on the success of this first year, the committee is moving forward and ramping up its work. Four committee meetings are scheduled for 2023, in March, May, October and December.

The Mission Committee is convinced of the need for coherence between the company’s benefit corporation status and medium-term plan. To this end, the committee applauds the objectives set, namely to finance the economy not only as it is, but as it must become to ensure the future of generations to come, and to use the group’s financial and collective power to serve the common good. In doing so, it underscores the goal of becoming the number one bank for environmental and societal transformation by reducing its carbon emissions and helping its customers move towards a low-carbon world that respects nature.

“I am honored to take part in this large-scale project by chairing Caisse Fédérale de Crédit Mutuel’s Mission Committee. In addition to the monitoring and verification role overseen by legislators, our committee is focused on collective and continuous progress. We want to put forth proposals and contribute to the complete success of Crédit Mutuel Alliance Fédérale as a benefit corporation.”
Fleur Pellerin, Chairwoman of the Crédit Mutuel Alliance Fédérale Mission Committee