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2 results

  • 20 - Old-Fashioned yet Innovative

  • from Part III - Corporate Law, Corporate Governance and Sustainability: Case Studies
  • Edited by Beate Sjåfjell, Universitetet i Oslo, Christopher M. Bruner, University of Georgia
  • Book:
    The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
    Published online:
    25 November 2019
    Print publication:
    12 December 2019, pp 276-289

  • Summary

    Caught between the traditional classifications of ‘insider’ and ‘outsider’ orientation, or ‘liberal’ and ‘coordinated’ corporate governance models, the French approach borrows from both without being firmly attached to either. The French system of corporate governance offers a hybrid model, combining the long-standing maintenance of some entrenched features of French capitalism (employee representation on the board, notably), with an innovative approach to sustainable governance. This chapter examines the corporate law and corporate governance structures of large French companies, including new compliance and due diligence programmes imposed upon companies and their suppliers.