The relationship between a french multinational and its shareholders

• Bertrand COLLOMB
  
  1. E.O. of Lafarge
  
  

Summary

In theory, French shareholders have a great deal of power, even more than their Anglo-Saxon counterparts. But in practise, the C.E.O. is a sort of monarch who is under little threat of shareholder control, notably due to the fact that French law puts the company's interests before the shareholders'. This French exception often astounds foreigners. However, the logic of financial markets and the American influence with financial globalisation will mean new types of relationships between French companies and their shareholders. Or at least, this is the direction taken by the Lafarge Group.

Summary translated from French by B&A CONSEIL.

• The entire article was written by Michel BERRY and translated by B&A CONSEIL.

To obtain this article, you can :

• download it for free in French (PDF help) or contact ecopar@paris.ensmp.fr (Reference VA300695).
• download it for free in English (PDF help) or contact ecopar@paris.ensmp.fr (Reference VA300695-ENG).