--%>
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 : Difference between the periodic and

    What is the main difference between the periodic and perpetual process, how will you record it in your note-book?

    		•
  • Q : Interest rate parity for determination

    Describe the allegations of interest rate parity for the determination of the exchange rate.

    		•
  • Q : Report on Business memo analyzing

    Write a Report on Business memo analyzing monthly sales of a company. Try to explain it with graphs.

    		•
  • Q : Corruption of Creativity Explain the

    Explain the Corruption of Creativity in Creative Industry ? Explain in brief.

    		•
  • Q : Meaning of Goodwill Meaning of Goodwill

    Meaning of Goodwill: Goodwill puts the association at a good position due to which the organization is capable to earn huge profits without any additional efforts. Goodwill can’t be seen although felt. Thus goodwill is termed as an Intangible as

    		•
  • Q : Holding Period Describe the term

    Describe the term Holding Period?

    		•
  • Q : Define uniform costing Give a short

    Give a short introduction about the term uniform costing?

    		•
  • 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 : Interbank currency trading Explain, why

    Explain, why do most interbank currency trading globally include the U.S. dollar?

    		•
  • Q : Review the accounting cycle the

    Assignment: The purpose of this assignment is to review the accounting cycle--the procedures that businesses normally use to record transactions during the year and prepare financial statements at the end of the year.  The accounting cycle is discussed in Chapter 3 of your textbook. &nb

    		•