| The SFV operates under the rules set out in the French law dated 1st July 1901 governing non-profit-making public-interest associations. It has Articles of Association and Rules. Clause 3 of the Articles states that the Association comprises an Honour Committee and Supporting, Honorary, Active, Foreign, Associated, Life and Articled members. The members of the Honour Committee and the Founding, Honorary, Life or Articled members are physical persons. The other members are physical or legally constituted legal persons. The Association is managed by a Board of Trustees of at least 15 members who are physical persons with French nationality, elected for 3 years by secret ballot at the mandatory annual general meeting. Outgoing members are eligible for re-election. The Board meets at least every two months. |
| By secret ballot among its members the Board of Trustees chooses an executive committee comprising: |
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Accordingly, every year a statutory General Meeting is held to approve the Policy report for the previous financial year and the corresponding financial report, validated by the auditor.
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