Section 2: Employee participation on the Board of Directors and the Supervisory Board

Where no agreement has been concluded and the special negotiation body has not taken the decision provided for in the second paragraph of article L. 2362-7, employee participation in the European Cooperative Society is governed by the following provisions: 1° In the case of a European Cooperative Society constituted by transformation, if a participation system exists in the cooperative which is to be transformed, the level of participation rights is…

In the absence of an agreement, the provisions of articles L. 2353-29 to L. 2353-32 relating to employee participation on the board of directors and supervisory board within the European Company apply to the European Cooperative Society.

By way of derogation from the provisions of Article L. 2363-9 insofar as it refers to the first paragraph of Article L. 2353-32, the State in which the registered office of the European Cooperative Society is situated shall in any event have at least one registered office.

Articles L. 2362-1 to L. 2363-10 do not apply where the European Cooperative Society is formed exclusively by natural persons or by a single legal person and several natural persons, together employing fewer than fifty employees, or at least fifty employees but within a single Member State.