La révolution discrète des conseils d'administration(1)

Away from the eyes of the general public, the past twenty years have seen the way company boards work radically change. In terms of their composition, we are today very far from the world described by Zola in his book "Money" where the boss first chose a few close allies and then "fou...

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Bibliographic Details
Published inRevue Française de Comptabilité no. 392; p. 35
Main Authors Lebègue, Daniel, Picard, Jean-Paul
Format Trade Publication Article
LanguageFrench
Published Paris Experts Comptables Media 01.10.2006
Subjects
Auditing
Boards of directors
Corporate governance
Financial reporting
France
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Summary:Away from the eyes of the general public, the past twenty years have seen the way company boards work radically change. In terms of their composition, we are today very far from the world described by Zola in his book "Money" where the boss first chose a few close allies and then "fourteen others of less importance from amongst the most obedient and respectable of the remaining shareholders". At the time, auditors were also considered to carry out "a job as delicate as it is useless". Independent administrators and auditors today, however, play an active role in audit and salary committees that meet up to ten times per year in order to avoid mistakes being made that could result in similar corporate disasters to those most recently seen. What is life on the Board really like today and what are the consequences of changes in corporate governance rules that are soon to extend to mutual trusts, cooperative and charities?
ISSN:0484-8764