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Article L22-10-24 of the French Commercial code

The exemption from the obligation to include members representing employees on the supervisory board provided for in the second paragraph of article L. 225-79-2 is applicable to companies whose shares are admitted to trading on a regulated market only if at least four-fifths of their shares are held, directly or indirectly, by a natural person or legal entity acting alone or in concert.

Original in French 🇫🇷
Article L22-10-24

La dérogation à l’obligation de compter au sein du conseil de surveillance des membres représentant les salariés prévue au deuxième alinéa de l’article L. 225-79-2 n’est applicable aux sociétés dont les actions sont admises aux négociations sur un marché règlementé que si au moins quatre cinquièmes de leurs actions sont détenues, directement ou indirectement, par une personne physique ou morale agissant seule ou de concert.

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