--%>
Assignment Help - homework help

French Association of Private Companies

In the year 1995, working group of the French chief executive officers was formed by the Confederation of French Industry (CNPF) and the French Association of Private Companies (AFEP) for studying the structure of the French corporate governance. Group has reported the following, among the other things “The board of directors must not simply aim at increasing the share values as in the U.K. and the U.S. Instead, its goal must be to serve the company, interests of those should be clearly distinguished as compared to those of its shareholders, creditors, employees, suppliers and clients however,  still equated along with their general common interest, that is to safeguard the continuity and prosperity of the company”. Talk about the above recommendation of working group.

E

Expert

Verified

The recommendations of the French working group apparently show that maximization of the shareholder wealth is not a unanimously accepted aim of the corporate management, mainly outside the United States and probably a few other Anglo-Saxon countries together with the United Kingdom and Canada. To the some extent, this can reflect the fact that share ownership is not a wide spread in most of the other countries. In France, around 15% of households own shares.

   Related Questions in Financial Accounting

  • Q : Contingent exposure and its benefits

    Describe the contingent exposure and also discuss some of the benefits of using currency options in order to maintain this type of currency exposure.

    		•
  • Q : Calculation of NPV Calculation of NPV:

    Calculation of NPV: Calculation of NPV is done through the same method of discounting as described above. However in this case the rate is predefined for  discounting. It is the cost of overall long term resources, whether debt or equity. This co

    		•
  • Q : Creation of North American Trade

    Mr. Ross Perot, former Presidential candidate of the Reform Party, that is the third political party in the United States, had strongly protested in the creation of North American Trade Agreement (NAFTA), however, which was inaugurated in the year 1994, due to fear of

    		•
  • Q : Case study of a hospitals Radiology

    The typical mid-sized hospital trying to keep its head above water in the increasingly tight health care market. It has determined that a critical area for it in today’s market is customer service. Until eight or nine years ago, hospital’s had a reputation

    		•
  • Q : Elder Abuse Explain the term Elder

    Explain the term Elder Abuse in brief ?

    		•
  • Q : Portfolio of Sharemarket SHAREMARKET

     SHAREMARKET ASSIGNMENT SHEET  - Select a share portfolio consisting of one company from each group listed above. The total value of your portfolio should add up to

  • Q : MONEY MEASUREMENT CONCEPT DESCRIBE THE

    DESCRIBE THE ADVANTAGES AND DISADVANTAGES OF MONEY MEASUREMENT CONCEPT

    		•
  • Q : Asset Owned by an entity, something

      Owned by an entity, something that provides benefits and whose cost can be measured. The measure of the value of assets in dollar appears on the

    		•
  • Q : Country and political risk What is

    What is country risk and how it is different from the political risk?

    		•
  • Q : Components of social interaction

    Identify and explain important components of social interaction.

    		•