It may be stipulated in the Articles of Association that, in addition to the directors whose number and method of appointment are provided for in Articles L. 225-17 and L. 225-18, directors elected either by the company’s employees, or by the employees of the company and those of its direct or indirect subsidiaries whose registered office is located in France. The number of such directors may not exceed four or one third of the number of other directors. When the number of directors elected by the employees is equal to or greater than two, the engineers, managers and assimilated have at least one seat.
Directors elected by employees are not taken into account for the determination of the minimum and maximum number of directors provided for in Article L. 225-17, nor for the application of the first paragraph of Article L. 225-18-1.