Any disputes that may arise in connection with the Company’s business, and between shareholders and the Company or between shareholders and the Chairman of the Board of Directors, the Chief Executive Officer and Deputy Chief Executive Officers will be judged in accordance with the legal conditions applicable and subject to the jurisdiction of the competent […]
If the Company expires or is dissolved early, the general meeting determines the liquidation approach and appoints and determines the powers of one or more liquidators, which carry out their work in accordance with French law.
The profit for the financial year, less previous losses and deductions for legal reserves, and plus profits carried forward, represents the distributable profit. In addition to the distributable profit, the ordinary general meeting may decide, in accordance with French law, to pay out any sums deducted against the reserves available to it. AAfter approving the […]
The Company’s records are kept in accordance with industry standards and legal requirements. On each reporting date, the Board prepares the inventory and annual financial statements, in accordance with Book 1, Title II, Chapter III, Section II of the French commercial code (Code du commerce) and draws up a written management report containing the information […]
The financial year runs from April 1 to March 31.
Excluding potential legal exceptions, the ordinary general meeting is authorised to vote on decisions that will not result in amendments to the bylaws, while only the extraordinary general meeting is authorised to amend any bylaw provisions, although such amendments must not increase any commitments for shareholders, unless unanimously approved.
General meetings are convened and deliberate under the quorum and majority conditions set by French law. Meetings are held at the registered office or any other venue indicated in the notice to attend. All shareholders are entitled to attend general meetings and take part in deliberations, either personally or through a proxy, subject to providing […]
During the Company’s existence, any type of transferable securities may be created entitling holders to access the capital or the awarding of debt securities under the legal terms and conditions in force.
The company is audited by one or more incumbent and deputy statutory auditors, in accordance with the legal conditions in force.
No more than one third of the individual directors and permanent representatives of corporate directors in the Board of Directors may be over the age of 70. During its meeting to decide on convening the ordinary general meeting, the Board of Directors takes note each year of any cases when this limit may have been […]