All of French Company Law: ordinary law of companies and specific regime for different types of companies

Company Law (en cours)

In the absence of a statutory provision, the supervisory board must consist of at least three shareholders , that is, limited partners. Indeed, to ensure the independence of this body, the general partners, who are most often involved in the management of the SCA, cannot be members of the supervisory board, under penalty of nullity of their appointment , and cannot participate in the appointment o …

Diversity research

In the absence of a statutory provision, the supervisory board must consist of at least three shareholders , that is, limited partners. Indeed, to ensure the independence of this body, the general partners, who are most often involved in the management of the SCA, cannot be members of the supervisory board, under penalty of nullity of their appointment , and cannot participate in the appointment of the members of this board .

The composition of the supervisory board must seek a balanced representation of women and men . To this end, the proportion of members of the supervisory board of each gender cannot be less than 40% following the next general meeting that decides on appointments, in companies that, for the third consecutive fiscal year, employ an average of at least two hundred fifty permanent employees and have a net turnover or total balance sheet of at least 50 million euros. In these same companies, when the supervisory board is composed of no more than eight members, the difference between the number of members of each gender cannot exceed two . Any appointment made in violation of this provision that does not remedy the irregularity of the board's composition is void .

Furthermore, Article L. 226-5-1 provides that employees must be represented on the supervisory board in companies that employ, at the close of two consecutive financial years, at least one thousand permanent employees in the company and its subsidiaries, direct or indirect, whose registered office is located in French territory, or at least five thousand permanent employees in the company and its subsidiaries, direct or indirect, whose registered office is located in French territory and abroad .

Company Law (en cours)

552. Diversity research

Demandez un accès gratuit
au contenu exclusif Livv – juristes d’entreprise

Les notions juridiques connexes

552. Diversity research

Demandez un accès gratuit au contenu exclusif Livv – juristes d’entreprise

Les notions juridiques connexes

Demandez un accès gratuit
au contenu exclusif Livv – juristes d’entreprise