Chapter V: Public limited companies.

When the company, within two years of its registration, acquires an asset belonging to a shareholder and whose value is at least equal to one tenth of the share capital, a commissioner, responsible for assessing, under his responsibility, the value of this asset, shall be appointed by court decision, at the request of the chairman of the board of directors or the management board, as the case may be. This…

The management report referred to in the second paragraph of article L. 225-100 presented by the Board of Directors or the Management Board, as the case may be, to the General Meeting gives an annual account of the employees’ shareholding in the company’s capital on the last day of the financial year and establishes the proportion of the capital represented by the shares held by the company’s personnel and by…

I. – A declaration of extra-financial performance is inserted in the management report provided for in the second paragraph of Article L. 225-100, when the balance sheet total or turnover and the number of employees exceed thresholds set by decree in the Conseil d’Etat. II. – The companies referred to in I which draw up consolidated accounts in accordance with article L. 233-16 are required to publish a consolidated statement…

For companies operating at least one facility on the list provided for in Article L. 515-36of the Environment Code, the report mentioned in the second paragraph of article L. 225-100 of this code: -informs the company’s policy for preventing the risk of technological accidents; -reports on the company’s ability to cover its civil liability with respect to property and individuals arising from the operation of such facilities; -specifies the resources…

I.-The companies mentioned in 1° to 3° of article L. 123-16-2 or those which exceed, in respect of the last completed financial year and on an annual basis, two of the three thresholds set, respectively, for total assets, net sales or average number of employees and all or part of whose activities consist in the exploration, prospecting, discovery, exploitation or extraction of hydrocarbons, coal and lignite, metal ores, stones, sands…

I.-Any company which employs, at the close of two consecutive financial years, at least five thousand employees within itself and in its direct or indirect subsidiaries whose registered office is located on French territory, or at least ten thousand employees within itself and in its direct or indirect subsidiaries whose registered office is located on French territory or abroad, shall draw up and effectively implement a due diligence plan. Subsidiaries…

Under the conditions set out in articles 1240 and 1241 of the Civil Code, breach of the obligations defined in article L. 225-102-4 of this Code shall engage the liability of its author and oblige him to compensate the damage that the performance of these obligations would have avoided. [Provisions declared to be unconstitutional by Constitutional Council decision no. 2017-750 DC of 23 March 2017]. The action for liability shall…

I.-The General Meeting is convened by the Board of Directors or the Management Board, as the case may be. II.-Failing this, the General Meeting may also be convened: 1° By the statutory auditors; 2° By an agent, appointed by the courts, at the request either of any interested party in an emergency, or of one or more shareholders holding at least 5% of the share capital, or of a shareholders’…

The articles of association may provide that, without prejudice to the provisions of I of Article L. 225-107, the extraordinary general meetings referred to in Article L. 225-96 and the ordinary general meetings referred to in article L. 225-98 are held exclusively by videoconference or by telecommunication means that enable shareholders to be identified. However, for the extraordinary general meetings referred to in Article L. 225-96, one or more shareholders…

Shareholders’ meetings are convened in accordance with the forms and deadlines laid down by decree of the Conseil d’Etat. Any meeting that is improperly convened may be annulled. However, an action for nullity is not admissible where all the shareholders were present or represented.