The Autorité des marchés financiers (AMF) published its annual report on corporate governance and executive remuneration at listed companies on 17 November. At the same time, it published its third report on social, societal, and environmental responsibility (ESR) information disclosed by a sample of listed companies. This second report discusses disclosure of non-financial information and makes recommendations on transparency and coherence. The sample of companies looked at was based on 60 listed companies (including 30 small and mid-sized companies). The main governance report analyses compliance with the French governance code, AFEP-MEDEF. This report covers 36 in the CAC 40 (the 40 largest stocks on the Paris exchange) as of 31 Dec. 2014, and 24 of the largest companies in the SBF 120 (Société des Bourses Françaises 120 Index). Data for both reports is based on 2014 information reported in 2015 annual reports, as well as remuneration and shareholder voting data for 2015.
The focus of the governance report is:
