Board of directors

Board of directors
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Proparco Board members as of September 25th, 2023
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  • Rémi Rioux

    RIOUX Rémy

    Director, Chairman of the Board of Directors (Appointed on 01/07/2016)
    Chief Executive Officer of AFD
  • WALCKENAER Bertrand

    Director, Vice-Chairman of the Board of Directors (Appointed on: 29/03/2019)
    Chairman of the Advisory Investment Committee
    Chairman of the Appointments committee
    Deputy CEO of AFD
  • Bokar Cherif

    CHERIF Bokar

    Director (Appointed on: 25/03/2022)
    AFD's Executive Financial Director
  • HEURTEVENT Dominique

    HEURTEVENT Dominique

    Director (Appointed on: 25/03/2022)
    Risks Executive Director, AFD
  • KLEITZ Gilles

    Director (Appointed on: 08/07/2022)
    Executive Director for Sustainable Developpement of AFD
  • Papa Amadou SARR

    SARR Papa Amadou

    Director (Appointed on: 10 october 2022)
    Executive Director in charge of Partnerships, Mobilization and Communication of the French Development Agency (AFD) Group
  • Marie-Hélène Loison

    LOISON Marie-Hélène

    Permanent Representative of AFD (Appointed on: 06/07/2018)
    Deputy CEO of AFD
    Member of the Risk and audit committee
    Member of the Appointments committee
  • SECHAUD Philippe

    Independent Director (Appointed on: 31/01/2001)
    Member of the Investment Advisory Committee
  • LANTZ Patricia

    Independent Director (Appointed on: 28/05/2012)
    President of the Risk and Audit Committee
  • ISMAIL Seyf

    Permanent Representative of BNP Paribas
    Independent director
    Member of the Appointments committee
    Start date of mandate: 01/07/2023
  • BENJELLOUN-TOUIMI Brahim

    Permanent representative of Bank of Africa-BMCE Group, Director (Appointed on: 25/03/2011)
  • KARAM Hélène

    Permanent Representative of BPCE International, Independent Director (Appointed on: 30/06/2020)
  • LAHORE María

    Permanent Representative of CAF (Corporación Andina de Fomento)
    Independent director (Appointed on: 10/05/2019)
  • BEBEAR Isabelle

    Permanent Representative of BPIFRANCE
    Director (Appointed on: 08/10/2012)
    Representative of BPIFRANCE
    Member of the Risk and Audit Committee
  • KOFFMAN Catherine

    Representative of the Development Bank of Southern Africa (DBSA)
    Independent director (Appointed on: 01/06/2022)
  • TABARIÉ Stéphane

    Representing the Ministry of Economy and Finance
    Censor, Board of Directors of Proparco
    Member of the Investment Advisory Committee
  • VILLETTE Sophie

    Representative of Ministry of Europe and Foreign Affairs
    Advisor
  • KASSAM Lutaf

    Censor
    AGA KHAN FUND FOR ECONOMIC DEVELOPMENT
  • da SILVEIRA Isabelle

    Censor
    BOAD (Banque Ouest Africaine de Développement)
  • CLAUX Frédéric

    Censor
    ENGIE
  • ULMANN Yves

    Government Commissioner
  • HUE André

    AFD works council representative
  • IZARIE Benjamin

    Auditor
    BDO France
  • FOUSSE Valéry

    Auditor
    KPMG SA
REMARKABLE GOVERNANCE
The governance of Proparco is quite special. Since the opening of its capital 1990, its governance bodies have brought together:

- representatives of the Agence Française de Développement (its majority shareholder);
- representatives of French, African and Latin American public and private companies (financial and industrial);
- representatives of international financial institutions involved in development, and ethical funds;
- representatives of ministries in charge the Economy, Finance and Foreign affairs, as well as a Government Commissioner.

    The guarantor of the transparency of its operation and good management, this diversity of participants provides Proparco with considerable expertise in strategic oversight and governance, while ensuring its true added value in its approach to financing projects.
    It also provides opportunities for collaboration and partnerships that will serve to ensure its growth and expand its areas of expertise that contribute to its pro-development mission.

    The Proparco Board of directors meets four times each year.

    THIS DIVERSITY OF PARTICIPANTS
    In 2016, Proparco had an independent external firm provide an assessment of its governance, in order to identify potential improvements that were then adopted by the Board of directors. As such, the Appointments committee was given the task of stabilizing the good governance principles involved in the organisation of the Board of directors.

    As part of this initiative, the Proparco Appointments committee adopted guidelines regarding the balanced composition of the Board of directors:
    A proportion of independent directors in order to guarantee the quality of the discussions and appropriate balance of Proparco’s powers

    44% independent members, 44% women (in 2020)

    The Appointments committee has set down the criteria for identifying independent directors within the Board of directors, namely predefined criteria consisting of indicators of the director’s independence, that are then used by the Board in order to perform an individual review of each director’s independence, while considering the behaviour of the director in question and notably his active participation in the Board’s efforts and reflections.
    In application of these criteria, the Appointments committee drafts a list of the independent directors and ensures the adequate presence of these directors within the Board.

    The Appointments committee has defined a policy targeting gender parity between men and women within the Board of directors
    The objective of the Appointments committee is to eventually bring about equal representation between women and men within the PROPARCO Board of directors, along with intermediate objectives leading to this parity objective:

    2017: 5 women 31%
    2018: 6 women 37.5%
    2020: 7 women 44%

    The Appointments committee has prepared a tool for assessing the balanced composition of the Board of directors, that provides a snapshot of the composition of the Proparco Board of directors while accounting for the skills and characteristics of each of its members; and while setting targeted objectives to ensure balanced and diversified representation in accordance with the areas of expertise required for the tasks performed by the Board of directors.