Company management in France
Company Management in FranceUpdated on Monday 18th April 2016
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Good company management: the key to a successful company
The hierarchical structure in France
Company directors in France
France has strict requirements for persons applying for a director position. First of all, they need to have legal capacity to act, meaning that they are not mentally ill, they have not previously been disqualified as directors and they must not hold qualifying shares. In addition, depending on each company, the articles of association may require specific skills that the applicant must have, proven by either a diploma or professional qualification.
One of the duties of a French director is that he is obligated to act according to the corporate objective. Therefore, he only has power within the frame set by the corporate director. Moreover, he or she must attend board meetings, has a duty of confidentiality and must always act according to the corporate interest.
The person responsible for organizing and managing the board is the chairman. The respective person has the obligation of ensuring that the company’s management bodies are properly run and that the company’s directors are capable of fulfilling their responsibilities. He or she generally has a non-executive role and he/she is designated from the directors of the company.
If you want to open a company in France, contact our French lawyers and you will have access to all the information needed. We can help you with the registration procedure and all the legal procedures. Our lawyers in France will offer you assistance in any legal matter.