--%>
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 : Challenges of long distance relationship

    My friend is in a new long distance relationship. My friend wants to ask to identify the challenges or difficulties of long-distance romantic relationships and explain communication strategies for coping with these challenges. The res

    		•
  • Q : Purpose of foreign branch bank Discuss

    Discuss the purpose of the foreign branch bank.

    		•
  • Q : Define uniform cost manual Give a brief

    Give a brief introduction of the term ‘uniform cost manual’. And also write down its different contents?

    		•
  • Q : Partner Reflection HRD Programs If you

    If you are working with a partner for your assignment, please answer the following questions individually and submit your paper separately.1. Why did you want to work together? 2. How did you di

    		•
  • 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 : Calculate the bad debt expense for the

    The Webster Company uses the aging method to estimate the allowance for doubtful accounts. The following schedule of accounts receivable was prepared as at December 31, 20x6: Age Balance %

    		•
  • Q : Maximum factors Explain the Maximum

    Explain the Maximum factors influences and involvement which will depend on the performance and success of the employees ?

    		•
  • Q : Sale return or return inward Describe

    Describe Sale return or return inward in brief.

    		•
  • Q : Ihi Which of the following adjustments

    Which of the following adjustments is an example of an accrual adjustment? an asset/expense adjustment involving depreciation an asset/expense adjustment involving insurance a liability/expense adjustment involving utility expenses a liability/revenue adjustment involving unearned revenues

    		•
  • Q : Increase the return without any

    Suppose that treasurer of IBM has an extra cash reserve of $1,000,000 to invest for the six months. Six-month interest rate is 8% per annum in U.S. and 6% per annum in the Germany. Presently, spot exchange rate is DM1.60 per dollar and six-month forward exchange rate

    		•