The governance of the GSIT is provided by the Executive Committee and
the Management Committee.
The Executive Committee made up of the GSIT Chairman, the Banque de
France representative (ex-officio member of the Executive Committee, to monitor the proper operation
of payment systems and security of means of payment), and five
representatives from the Economic Interest Grouping’s Management
Committee, appointed by the Management Committee for two financial years,
with possible renewal.
The General Manager takes part in the Executive
Committee meetings as of right. The Executive Committee meetings are
presided over by the Economic Interest Grouping’s Chairman.
The Executive Committee assists the Chairman and the General Manager.
Whenever necessary, it defines the practical provisions for the
application of the Management Committee’s decisions, and approves the
choice of the main subcontracting companies. Between Management
Committee meetings, it makes any urgent decisions and then reports to
the Committee during its next meeting, and it can, by permanent
delegation of the Management Committee, close the GSIT’s accounts on its
The Management Committee is the GSIT’s executive body. It has
decision-making authority for the GSIT’s main orientations,
and the authority to verify the grouping's administration (also
applies to the closing of its accounts).
the representatives of the signatories of the
contract establishing the GSIT, (ex officio members) one
representative of the other members (members not attached to a
member signatory of the establishing contract).
of the non-attached members is appointed as required during the
Ordinary General Meeting by members who have declared their
non-attached status prior to the holding of the meeting.
a representative appointed as observer by the AFECEI
(French Association of Credit Institutions and Investment Companies),
a representative appointed as observer by the FBF (French
The GSIT General Manager is an ex officio member of the
Management Committee. He is the Economic Interest Grouping’s legal
The Economic Interest Grouping’s Chairman is appointed from
within and by the Management Committee, and he then presides over the
General Meetings and the meetings of the Management Committee and of the
The Management Committee assigns working groups in order to express their
requirements and to propose system developments.