Subsection 2: Management and administration

Where the company’s shares are admitted to trading on a regulated market, the number of members of the Management Board referred to in Article L. 225-58 may be increased to seven by the articles of association.

In companies whose shares are admitted to trading on a regulated market, the determination of the method and amount of the remuneration of each of the members of the Management Board, provided for in Article L. 225-63, is carried out in accordance with the conditions set out in article L. 22-10-26.

The report referred to in the last paragraph of article L. 225-68 includes the information defined in articles L. 22-10-9 to L. 22-10-11 as well as article L. 225-37-4.

The provisions of article L. 225-69-1, relating to the proportion of members of the supervisory board of each sex, are applicable without threshold conditions to companies whose shares are admitted to trading on a regulated market. Any appointment made in breach of this article that does not have the effect of remedying the irregularity in the composition of the board is null and void.

The provisions of article L. 225-71 concerning employee shareholders who are members of the supervisory board are applicable to companies whose securities are admitted to trading on a regulated market, regardless of the size of their workforce. Companies whose securities are admitted to trading on a regulated market, regardless of the size of their workforce, are subject to the same provisions as those of the French Commercial Code.