Old-Fashioned Yet Innovative: Corporate Law, Corporate Governance and Sustainability in France

In Beate Sjåfjell and Christopher M. Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability (Cambridge University Press, 2019), Chapter 20.

University of Oslo Faculty of Law Research Paper No. 2019-25

Posted: 8 May 2019 Last revised: 15 Jun 2020

See all articles by Veronique Magnier

Veronique Magnier

University of Paris- Sud 11 - Institute for Law, Ethics, Patrimony

Date Written: May 6, 2019

Abstract

Caught between the traditional classifications of ‘insider’ and ‘outsider’ orientation, or ‘liberal’ and ‘coordinated’ corporate governance models, the French approach borrows from both without being firmly attached to either. The French system of corporate governance offers a hybrid model, combining the long-standing maintenance of some entrenched features of French capitalism (employee representation on the board, notably), with an innovative approach to sustainable governance. This chapter examines the corporate law and corporate governance structures of large French companies, including new compliance and due diligence programmes imposed upon companies and their suppliers.

Keywords: board, employee representation, due diligence, compliance programmes, 'raison d’être'

Suggested Citation

Magnier, Veronique, Old-Fashioned Yet Innovative: Corporate Law, Corporate Governance and Sustainability in France (May 6, 2019). In Beate Sjåfjell and Christopher M. Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability (Cambridge University Press, 2019), Chapter 20., University of Oslo Faculty of Law Research Paper No. 2019-25, Available at SSRN: https://ssrn.com/abstract=3383455

Veronique Magnier (Contact Author)

University of Paris- Sud 11 - Institute for Law, Ethics, Patrimony ( email )

54 Bd. Desgranges
Paris-Sud, 92330
France

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