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France

COUNTRY OVERVIEW

Employees are represented on the boards of both public-owned French companies and some private sector companies – largely those which have recently been privatised. Both unions and employers were consulted on how the directive was to be implemented in France. However, this did not lead to a wider public debate.

For further information on the SE legislation, such as the choice of SNB members, click on the more button.

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Transposition of the SE legislation in France (Final report: July 2005)

The French Parliament transposed the European company (SE) statute into French law shortly before the summer vacations, on 13 July 2005. This is probably why this law was hardly noticed by the press or the public. (1) The transposition is part of a “law for confidence in and modernisation of the economy” which has been enacted as Law No. 2005-842 of 26 July 2005 and published in the Journal Officiel No. 173 (27 July 2005), p. 12160. Articles 11 to 15 transpose the SE statute. Articles 11 and 13–15 adapt the French legislation to the SE regulation: art. 11 modifies the French Commercial Code, art. 13 the Monetary and Fiscal Code, art. 14 the Insurance Code and art. 15 the Book of Fiscal Procedures. Art. 12 transposes the European directive on employee involvement by introducing a chapter XI into part III of the Fourth Book of the French Labour Code.

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Translated transposition laws 

The full text of the transposition laws and (for most countries) unofficial translations into English can be downloaded from the EU Commission website

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Lionel Fulton (2006) Anchoring the European Company in national law