Subject to the provisions ofOrder no. 2014-948 of 20 August 2014 relating to the governance and capital transactions of publicly held companies, “Laboratoire français du fractionnement et des biotechnologies” is governed by the provisions of the French Commercial Code applicable to public limited companies.
If the articles of association provide that the general management of the company is the responsibility of a managing director within the meaning ofarticle L. 225-51-1 of the French Commercial Code, the latter is appointed by decree on the recommendation of the chairman of the board of directors.
Blood donor associations are represented on the Board of Directors of the subsidiary of the limited company “Laboratoire français du fractionnement et des biotechnologies” mentioned in the second paragraph of article L. 5124-14 of the Public Health Code.
The provisions of the two preceding paragraphs are applicable notwithstanding the provisions of the order mentioned in the first paragraph.