France

French Data Protection Authority Increases Compliance Inspections of U.S. Companies

Arielle Bikard May 17, 2011

The French Data Protection Authority hopes to do a third more inspections of companies to ensure compliance with French and European Union data privacy regulations. The independent administrative authority is specifically focusing on U.S. companies enrolled in the U.S.-E.U. Safe Harbor Program for these checks.

France Cracks Down on Proxy Firms

Neil Baker April 08, 2011

France has taken further action to control the growing influence of proxy advisory firms. The country's financial regulator told firms to disclose more information about how they operate and said similar rules should be introduced at a European level.

SocGen Rogue Trader Gets Three Years; $7bn Fine

Global Glimpses October 06, 2010

A French court has sentenced Societe General rogue trader Jérôme Kerviel to three years in prison and ordered him to pay €4.9bn ($6.75bn) in damages for unauthorized risk taking that almost broke the bank in 2008.“By his deliberate actions, he put in peril the existence of the bank that employed...

Regulator Sees French Governance Improving

Global Glimpses December 16, 2009

0 false 18 pt 18 pt 0 0 false false false Corporate governance standards at companies listed in France have improved over the year, but more action is needed to control executive powers and to explain any deviations from governance best practice, according to the head of the country’s stock...

G20 Told to Leave IASB Alone

Global Glimpses April 30, 2009

The International Accounting Standards Board must be allowed to focus its efforts on a fundamental rewrite of its rules on financial assets and should not be forced to respond to every short-term policy shift announced by the U.S. Financial Accounting Standards Board, according to a body created to advise both...

Study: Legal, Regulatory Responses to Pay Rule Concerns

Global Glimpses March 02, 2009

With governments around the world taking action to clamp down on “excessive” executive pay, companies will find it increasingly difficult to maintain a consistent approach to remuneration policy compliance, according to law firm Clifford Chance.The firm has published a briefing note that analyzes the legal and regulatory response to concerns...

Big French Cos. Meet Pay Disclosure Rules

Global Glimpses January 30, 2009

Big French listed companies have responded well to new guidance on executive pay disclosure, according to a new analysis published by the country’s market regulator, the Autorité des marchés financiers (AMF). But compliance by smaller companies has been patchy.The French employers’ confederation, MEDEF, and the private companies association, AFEP, published...

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