This a revolution. The law of December 9th 2016 sets forth that all the director’s compensation elements of listed companies must be submitted to the shareholder’s vote.

The decree of March 16th, 2017  determines the conditions of such scheme.

From March 18th, 2017, the General Meeting of listed company (sociétés anonymes) must approve the Director’s compensation

Formerly, the General Meeting had only to give an advisory opinion in this matter.

Click here to read more.

Decree n°2017-340 March 16, 2017 - Légifrance

https://www.legifrance.gouv.fr/affichTexte.do?cidTexte=JORFTEXT000034203291&dateTexte=&categorieLien=id

Frédéric CHHUM, Avocats à la Cour (Paris et Nantes)

. Paris : 4 rue Bayard 75008 Paris - Tel: 01 42 56 03 00 ou 01 42 89 24 48 . Nantes : 41, Quai de la Fosse 44000 Nantes -  Tel: 02 28 44 26 44

e-mail : chhum@chhum-avocats.com

Blog : www.chhum-avocats.fr

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