Revised code of corporate governance published in France
The Association Française des Entreprises Privées (AFEP) and the Mouvement des Entreprises de France (MEDEF) published a revised version of the corporate governance code for listed companies on 16 June 2013. Aimed at providing enhanced transparency, responsibility and control for more efficient and demanding self-regulation, the revised code includes the following developments: stricter recommendations on executive remuneration; a new shareholder ‘say on pay’; and improved compliance measures…
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