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20 - Old-Fashioned yet Innovative

Corporate Law, Corporate Governance and Sustainability in France

from Part III - Corporate Law, Corporate Governance and Sustainability: Case Studies

Published online by Cambridge University Press:  25 November 2019

Beate Sjåfjell
Affiliation:
Universitetet i Oslo
Christopher M. Bruner
Affiliation:
University of Georgia
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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.

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Publisher: Cambridge University Press
Print publication year: 2019

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