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1 September 2013

Mandatory representation of employees on boards of directors or supervisory boards: towards a co-management à la française

The Law on securing employment n°2013-504 of June 14, 2013 has introduced new rules providing for the mandatory representation – with voting rights – of employees on the Board of Directors or Supervisory Board of sociétés anonymes (joint-stock companies) and sociétés en commandite par actions (partnerships limited by shares) of a certain size. By the […]

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1 July 2013

French Sociétés Anonymes: striking the balance between the principle of the right to be heard and the principle that a director can be freely removed from office

Even though a director of a société anonyme (French joint stock company, hereinafter “SA”) can be removed from office ad nutum (i.e. at any time and without any justification), he/she must be informed beforehand of the reasons for his/her removal.  Directors of a SA can be removed at any time by the ordinary general meeting […]

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