The Crédit Mutuel Arkéa is a cooperative group. The member, as in any cooperative organization, is at the heart of corporate governance. As the holder of at least one share, he or she is both a shareholder and a customer.
The directors of the Arkéa group are elected at the Annual General Meeting from among the directors of the local banks of the member federations, who are themselves elected by the members of their local bank.
These first- or second-tier (or level) elections are all based on the governance principle of the "one person, one vote" cooperative model. There is no procedure for granting multiple voting rights.
This system ensures that customers, who are also members of the local mutuals, are truly represented on Arkéa's bodies and guarantees that the Boards of Directors are administered independently of the Company's management.
Arkéa's organization as a cooperative and mutual company enables all members to participate, directly or indirectly, in collective decision-making.