The Prince exercises His sovereign authority in accordance with the provisions of the Constitution and legislation. He represents the Principality with respect to foreign powers. Total or partial review of the Constitution is subject to joint agreement by the Prince, the Government, and an assembly elected by citizens of the Principality.

Legislative power is shared between the Government and the Prince.

Executive power is under the supreme authority of the Prince, and the Principality is governed by a Minister of the Interior who represents Him, who is in turn assisted by a Government of Ministers. The Minister of the Interior and the Government Ministers are responsible to the Prince for the administration of the Principality.

In law, judicial power is held by the Prince. The present Constitution states that He delegates full exercise of these powers to the courts and tribunals that dispense justice in His name.

In the Principality the Sovereign also exercises the right to grant citizenship, pardon and amnesty, naturalization and recovery of the Monegasque nationality. Lastly, the reigning Prince bestows orders, titles and other distinctions.

The Sovereign Prince is assisted in exercising certain constitutional prerogatives by the Crown Council. It can be consulted by the Prince on issues relating to State interests and expresses an opinion on Bills and draft Ordinances that are submitted to it for examination by the Prince. It may also be consulted on other matters.