French business groups adopt revised governance code
Business groups in France have opted for a tougher governance code for private companies and entrepreneurs after public criticism for big payouts to executives.
Photo: Shutterstock
French entrepreneur associations Medef and Afep have introduced an updated corporate governance code for their members that is tougher than originally envisaged, after public criticism of sizeable golden parachutes received by outgoing executives.
Medef and Afep (Association française des entreprises privées) brought forward the plan earlier this week, noting that they were “anxious to participate in a constructive manner in the debate on the missions of companies and the public interest”.
“This step is part of a process of constant evolution of the norms of corporate governance which are revised every two years, allowing the Fr
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
Related Stories
-
Planned succession at record levels
Research finds that forced exit of CEOs is falling while planned succession is dominating.
-
Winners revealed of Non-Executive Awards
RELX Group chair Sir Anthony Habgood named FTSE 100 Non-Executive Director of the Year while Dianne Walker hailed as the Dame Helen Alexander NED to Watch.
-
Executive pay storms back onto corporate agenda
Guidelines from investors, a Labour Party review and the arrest of Nissan's chief executive have all put executive pay back in the headlines.
