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Corporate governance in France
Corporate governance in France
Corporate governance in France
Corporate governance in France
Corporate governance in France
Corporate governance in France
Corporate governance in France
Corporate governance in France
Corporate governance in France
Corporate governance in France
Corporate governance in France
Corporate governance in France
Corporate governance in France
Corporate governance in France
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Corporate governance in France

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How corporate governance works in France. Par le même auteur, découvrez le site www.web-wonders.fr. Un site qui compile les meilleurs sites anglophones encore inexplorés.

How corporate governance works in France. Par le même auteur, découvrez le site www.web-wonders.fr. Un site qui compile les meilleurs sites anglophones encore inexplorés.

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  • 1. CORPORATE GOVERNANCE<br />Jean-ChristopheEteki<br />Ling-en Hsia<br />
  • 2. Vienot (1995,1999) &amp; Bouton (2002) reports<br />Initiativeof the AFEP &amp; MEDEF<br />PublicLimitedCompany (S.A.) operatingwithBoard of directors (BoD)<br />Referenceframe<br />
  • 3. OBJECTIVES<br />Specifyprinciplesfor a goodgovernance and fortransparency<br /><ul><li>enhancethemanagement and improvethecompanyimage in thefinancialmarket and thepublic sector</li></li></ul><li>BOARD OF THE DIRECTORS<br />colegiateauthorityacting in the social interest of thecompany<br /><ul><li>Missions:</li></ul> - plan outthestrategy<br /> - choosethecorporateofficers<br /> - monitor themanagement<br /> - thequality of theinformationprovided<br />
  • 4. CHARACTERISTICS OF THE DIRECTORS<br />Honest<br />Skilled<br />Goodunderstanding of thefunctioning<br />Working in theinterest of theshareholders<br />Involved<br />Representtheshareholders as a whole<br />
  • 5. INDEPENDENT DIRECTORS<br /> Directors who are not owners or managers or any other kind of association.<br />Proportion: <br /> - ½ if no Control Shareholder<br /> - 1/3 otherwise<br />
  • 6. THE ACCESS TO THE INFORMATION OF THE DIRECTORS<br /><ul><li> Useful information for the directors
  • 7. Communication of the chairman and the CEO
  • 8. Communication of the companies</li></li></ul><li>THE DURATION OF THE FUNCTIONS OF THE DIRECTORS<br />The mandate of four years to the maximum.<br />Avoid a repetition<br />Beginning and the expiry date of the mandate<br />
  • 9. THE BOARD COMMITTEES<br />The number and the structure of the committees depend on each board.<br /><ul><li>The check of accounts,
  • 10. The selection of the auditors,
  • 11. Payment and “stock options” policy,
  • 12. The appointment of the directors and corporate officers.</li></li></ul><li>FINANCIAL STATEMENTS COMMITTEE<br />One financial statements committee in each board<br />Missions :<br />The essential tasks are:<br />to proceed to the check of accounts<br />to ensure the pertinence of the accounting methods<br />Methods :<br />Auditions of the statutory auditors and finance directors. <br />
  • 13. COMPENSATION COMMITTEE<br />Composition<br />Operating modalities<br />Remuneration of the directors<br />The “Stock Options” <br />
  • 14. SELECTION COMMITTEE AND APPOINTMENTS COMMITTEE<br />The Selection or appointments committee role<br />Selection of new directors <br />
  • 15. PROFESSIONAL ETHICS OF THE DIRECTOR<br />Every director is considered to be bound by the following obligations:<br /><ul><li>Information
  • 16. Shareholder/Actions.
  • 17. Interest of the company
  • 18. Interest of conflict
  • 19. Professional confidentiality
  • 20. Attend the meetings</li></li></ul><li>THE REMUNERATION OF THE DIRECTORS<br />The distribution method which total amount is decided by the general assembly is settled by the board of directors. <br />The distribution method must take into account the assiduousness of the directors to the board and in committees.<br />

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