2000 Fiscal Year Final Research Report Summary
Formation of the Legal Managerial System of French Joint-Stock Companies
| Project/Area Number |
11620052
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Civil law
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| Research Institution | Waseda University |
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Principal Investigator |
TORIYAMA Kyoichi Waseda University, School of Law, Professor, 法学部, 教授 (80164078)
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| Project Period (FY) |
1999 – 2000
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| Keywords | Joint-Stock Company / French Company Law / Corporate Governance / director |
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| Research Abstract |
This research is aimed to trace the historical evolution of the legal managerial system of french joint-stock companies.
Their managerial system has been generally provided by the law of 1867, which has allowed the constitution of joint-stock companies without the governmental authorization. The board of directors was provided by the reform of the early 1940s.
The reform of 1966 has offered the possibility of choice between the single-tier system, which consists of the board of directors (conseil d'administration) and its presdient, and two-tier system, which consists of the management board (directoire) and the supervisory board (conseil de surveillance). Even in the single-tier system, the execution (directeur general) and its monitoring (president du conseil d'administration) can be assigned to the separate bodies, after the reform of 2001.
After examining these processes of the historical evolution, we have clarified the contents of the actual legal managerial system of french joint-stock companies.
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