Corporate Governance and Tender Offers Group

Pôle Gouvernance d'entreprise et OPA

Head of research group: Sophie Vermeille

Droit & Croissance regularly discusses with French and European authorities on the issues of investors’ rights and is currently preparing several recommendations.
Droit & Croissance contributed to the debate by publishing analytical notes on corporate governance and actively participated in the preparation of the proposed PACTE law in 2017 and 2018 (Action Plan for the Business Growth and Transformation).
Droit & Croissance was also auditioned by the National Assembly and the Senate. Droit & Croissance opposed several proposals,
in particular those concerning the broader corporate purpose, highlighting the risks of increased agency costs (i.e. the risk of the increasing misalignment of interests between managers and
shareholders).

Publications

Small Mistake, Big Consequences: Elliott’s Sanction by the Paris Court of Appeal for Declaring CFDs Instead of Equity Swaps

Posted: 3 May 2022

“Good governance practices around the world” conference

Posted: 5 April 2022

The rise of protectionism on the economy and the development of financial markets

Posted: 1 April 2022

For true corporate governance in France

Posted: 12 March 2022

the “Listing Act” Consultation of the European Commission

Posted: 25 February 2022

The Defensive Capacity of Managers and the Guiding Principles of Takeover Law

Posted: 20 December 2021

The rise of protectionism on the economy and financial markets conference

Posted: 7 October 2021

Shareholder Activism – Interview with Anne-Sophie d’Andlau (CIAM)

Posted: 31 July 2021

Corporate governance and takeovers in France

Posted: 1 July 2021

Shareholder Activism: Don’t Shoot the Messenger

Posted: 19 March 2021

Presentation to France Stratégie on Secured Financing

Posted: 9 March 2021

Sophie Vermeille, the quest for general interest

Posted: 10 November 2020

Corporate governance and shareholder engagement conference: the new normal

Posted: 18 October 2019

October 18, 2019 – At AXA – 25 Avenue Matignon – Paris Programm 9:15 OPENING OF THE CONFERENCE: François Vannesson, General Secretary of Axa Climate, General Secretary of D&C 9:20 Kick off: George Stansfield, General Secretary of the AXA Group 9:25 Speaker: Robert Ophèle, President of the Autorité des Marchés Financiers 9:30 Speaker: Clément Royo, Advisor to the President of […]

For a real corporate governance in France

Posted: 25 September 2019

Theory, Evidence, and Policy on Dual-Class Shares: A Country-Specific Response to a Global Debate

Posted: 3 July 2019

Corporate Law and the Myth of Efficient Market Control

Posted: 10 May 2019

The Golden Age of Activism Investing

Posted: 3 March 2019

The Effect of Tenure-Based Voting Rights on Stock Market Attractiveness: Evidence from the Florange Act

Posted: 28 January 2019

Comment encourager les actionnaires à investir davantage dans les entreprises ?

Posted: 5 July 2018

Conférence “Gouvernance d’entreprise & engagement actionnarial”

Posted: 13 April 2018

view in English Face aux attentes croissantes de la société vis-à-vis des entreprises pour répondre aux défis économiques, environnementaux, sociaux et politiques, certaines entreprises innovent, transforment leurs modèles économiques et adaptent leur gouvernance. Des évolutions réglementaires en France et en Europe visent à encourager ce mouvement en utilisant le droit dur et le droit souple. Même si les marchés sont […]

Position of the Rules for Growth Institute on the next reform of private business law

Posted: 6 October 2017

Press

The rise of protectionism on the economy and the development of financial markets

Posted: 1 April 2022

For true corporate governance in France

Posted: 12 March 2022

Sophie Vermeille, the quest for general interest

Posted: 10 November 2020

Interview: Towards actual corporate governance in France?

Posted: 31 October 2019

Pourquoi les fonds activistes sont venus chasser en France

Posted: 3 October 2019

Loi Florange : les droits de vote double découragent les grands fonds étrangers

Posted: 11 February 2019

Pour un droit des investisseurs adapté aux défis du XXIe siècle

Posted: 25 April 2018

Partager le pouvoir dans l’entreprise, séduisant mais risqué

Posted: 2 November 2017

Attractivité : il faut aussi un big bang du droit en France

Posted: 15 July 2017

Un recours contentieux, bien construit, peut conduire à discipliner les dirigeants

Posted: 27 March 2017

Le Brexit, une opportunité pour la finance et les universités françaises

Posted: 30 June 2016

Par Thomas Philippon et Sophie Vermeille, L’Opinion – 30 juin 2016 Les auteurs mettent en avant l’opportunité que représente le Brexit pour la place de Paris et les universités françaises dans une tribune publiée dans le journal l’Opinion. “La sortie du Royaume-Uni de l’Union est un immense bouleversement. Les négociations qui vont s’engager seront longues et semées d’embûches. Nous pouvons […]