Monday 22 December 2008

France: directors' remuneration - MEDEF/AFEP code

Earlier this year, two business organsiations - Association Française des Entreprises Privées (AFEP) and Mouvement des Entreprises de France (MEDEF) - published a voluntary code for directors' remuneration: recommandations sur la rémunération des dirigeants mandataires sociaux de sociétés dont les titres sont admis aux négociations sur un marché régleme. A copy in English has now been published: click here. It has been reported in the Financial Times that 25 companies within the CAC40 have complied and the remaining are expected to do so. 

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