In the past thirty years, more and more attention has been paid to the effects of employee participation on company performance. What might be the effect of it on long-term company performance? How could increased [...]
The 2019 season marked French shareholders’ second opportunity to cast retrospective binding votes on executive compensation – and for the first time, shareholder votes prevented the payment of a bonus award, as well as the [...]
As of 2018, France has one of the most restrictive say on pay regimes in the world. As such, it is perhaps unsurprising that issuers are beginning to find work-arounds and loopholes in Loi Sapin [...]
After more than three months without a pilot at the controls, Air France-KLM has appointed a new CEO. The rather sudden departure of Jean-Marc Janaillac came on May 4, just a few days before the [...]
Last week AFEP, the French Association of Large Companies, and MEDEF, the Movement of the Enterprises of France, released an updated version of their corporate governance code, which is followed by virtually all large- and [...]
The increasing spotlight on executive compensation shows no sign of abating, with the topic remaining a hot-button issue for shareholders and the general public alike, leading to critical headlines and political exhortations across the globe. Indeed, [...]
France’s legislative bodies have been debating the introduction of stricter say-on-pay rules for a the past few months (see blog post), but last Tuesday the final text of the amendment emerged (Amendment 161); its final [...]
The remuneration of top executives has been in the French Government’s crosshairs since François Hollande and the Socialist Party came into power in 2012, and now the French National Assembly has adopted a draft law [...]
Glass Lewis submitted comments on the revisions to the Afep-Medef Corporate Governance Code in France in response to a public consultation in July 2016. Download
The defeat of an advisory pay proposal at Renault, and the board's dismissive reaction, have brought questions of governance to the fore—not least concerning the governance of French corporate governance itself, and whether corporate France’s [...]