1 July 2013
French Sociétés Anonymes: striking the balance between the principle of the right to be heard and the principle that a director can be freely removed from office
Even though a director of a société anonyme (French joint stock company, hereinafter “SA”) can be removed from office ad nutum (i.e. at any time and without any justification), he/she must be informed beforehand of the reasons for his/her removal. Directors of a SA can be removed at any time by the ordinary general meeting […]