Friday 24 February 2012

France: listed company general meetings - AMF working group report published

Autorité des marchés financiers (AMF), the financial regulator, formed a working group last year to consider the functioning of listed company general meetings in France. The group's report and recommendations were published earlier this month: see here (pdf, in French). A summary in English is available here (pdf). Amongst the recommendations is for there to be greater explanations to support the resolutions on which shareholders are asked to vote and that French law should permit shareholders to abstain rather than voting for or against.

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