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Financial Security Law Of France
The Financial Security Law of France (known in France as LSF or Loi de sécurité financière), signed by the Minister of Finance, Francis Mer, was adopted by the French Parliament on July 17, 2003 in order to strengthen the legal provisions relating to corporate governance. The LSF was published in OJ No. 177, August 2, 2003 (No. 2003-706 dated August 1, 2003). Provisions of this law are applicable to all public limited companies as well as to companies calling on public savings for financial years beginning on or after January 1, 2003. Similar to the American Sarbanes–Oxley Act The Sarbanes–Oxley Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations. The act, (), also known as the "Public Company Accounting Reform and Investor Protecti ..., the Financial Security Law of France rests mainly on: * An increased responsibility of leaders * A strengthening of internal control * A reduction i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francis Mer
Francis Mer (born 25 May 1939, in Pau) is a French businessman, industrialist and politician. A former alumnus of the École Polytechnique, and of the École des Mines de Paris, he is a member of the Corps des mines. He was hired in 1970 by the Saint-Gobain group. In 1982, he became chairman of the board of Pont-à-Mousson SA. In the 1980s, he joined the Saint-Simon Foundation think-tank. Following the 1986 legislative elections and the nomination of the conservative Jacques Chirac as Prime Minister, he was nominated as president of the new Usinor group. He was reelected to his position in 1995, upon the group's privatization, and renamed the group Arcelor in 2002. From 2002 to 2004, he was Minister of Finances in Jean-Pierre Raffarin's conservative government. Since 2005, he sits on the board of directors of Vale Inco, which benefited from an important tax rebate to exploit a nickel mine in New Caledonia while he was finance minister. In June 2009, he became chairman of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Parliament
The French Parliament (french: Parlement français) is the bicameral legislature of the French Republic, consisting of the Senate () and the National Assembly (). Each assembly conducts legislative sessions at separate locations in Paris: the Senate meets in the and the National Assembly convenes at . Each house has its own regulations and rules of procedure. However, occasionally they may meet as a single house known as the Congress of the French Parliament (), convened at the Palace of Versailles, to revise and amend the Constitution of France. History and name The French Parliament, as a legislative body, should not be confused with the various parlements of the Ancien Régime in France, which were courts of justice and tribunals with certain political functions varying from province to province and as to whether the local law was written and Roman, or customary common law. The word "Parliament", in the modern meaning of the term, appeared in France in the 19th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Governance
Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions that appear purpose-specific. Writers concerned with regulatory policy in relation to corporate governance practices often use broader structural descriptions. A broad (meta) definition that encompasses many adopted definitions is "Corporate governance” describes the processes, structures, and mechanisms that influence the control and direction of corporations." This meta definition accommodates both the narrow definitions used in specific contexts and the broader descriptions that are often presented as authoritative. The latter include: the structural definition from the Cadbury Report, which identifies corporate governance as "the system by which companies are directed and controlled" (Cadbury 1992, p. 15); and the relational-structura ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sarbanes–Oxley Act
The Sarbanes–Oxley Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations. The act, (), also known as the "Public Company Accounting Reform and Investor Protection Act" (in the Senate) and "Corporate and Auditing Accountability, Responsibility, and Transparency Act" (in the House) and more commonly called Sarbanes–Oxley, SOX or Sarbox, contains eleven sections that place requirements on all U.S. public company boards of directors and management and public accounting firms. A number of provisions of the Act also apply to privately held companies, such as the willful destruction of evidence to impede a federal investigation. The law was enacted as a reaction to a number of major corporate and accounting scandals, including Enron and WorldCom. The sections of the bill cover responsibilities of a public corporation's board of directors, add criminal penalties for certain misconduct, and require t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Control
Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization. It is a means by which an organization's resources are directed, monitored, and measured. It plays an important role in detecting and preventing fraud and protecting the organization's resources, both physical (e.g., machinery and property) and intangible (e.g., reputation or intellectual property such as trademarks). At the organizational level, internal control objectives relate to the reliability of financial reporting, timely feedback on the achievement of operational or strategic goals, and compliance with laws and regulations. At the specific transaction level, internal controls refers to the actions taken to achieve a specific objective (e.g., ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003 In Law
3 (three) is a number, numeral and digit. It is the natural number following 2 and preceding 4, and is the smallest odd prime number and the only prime preceding a square number. It has religious or cultural significance in many societies. Evolution of the Arabic digit The use of three lines to denote the number 3 occurred in many writing systems, including some (like Roman and Chinese numerals) that are still in use. That was also the original representation of 3 in the Brahmic (Indian) numerical notation, its earliest forms aligned vertically. However, during the Gupta Empire the sign was modified by the addition of a curve on each line. The Nāgarī script rotated the lines clockwise, so they appeared horizontally, and ended each line with a short downward stroke on the right. In cursive script, the three strokes were eventually connected to form a glyph resembling a with an additional stroke at the bottom: ३. The Indian digits spread to the Caliphate in the 9th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003 In France
Events from the year 2003 in France. Incumbents * President – Jacques Chirac * Prime Minister – Jean-Pierre Raffarin Events *3 March – Speech of Dominique de Villepin, UN against war in Iraq. *10 March – President Jacques Chirac promises to veto any UN resolution authorising war in Iraq. *May – Citroën launches the C3 Pluriel, a small convertible. *30 May – Last flight of Air France's Concorde between Paris and New York. *1 June – 29th G8 summit in Évian-les-Bains starts, with tight security and tens of thousands of protesters. *7 July – Corsica voters reject a referendum for increased autonomy from France by a very narrow margin. *11 August – A heat wave in Paris causes temperatures up to 44 °C (112 °F). *September – Citroën cease production of the decade-old Saxo to be replaced by the 3-door C2. The Peugeot 106 also ceases production by this time. *24 October – The Concorde makes its last commercial flight. *24 December – At the request ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Business Law
French (french: français(e), link=no) may refer to: * Something of, from, or related to France ** French language, which originated in France, and its various dialects and accents ** French people, a nation and ethnic group identified with France ** French cuisine, cooking traditions and practices Fortnite French places Arts and media * The French (band), a British rock band * "French" (episode), a live-action episode of ''The Super Mario Bros. Super Show!'' * ''Française'' (film), 2008 * French Stewart (born 1964), American actor Other uses * French (surname), a surname (including a list of people with the name) * French (tunic), a particular type of military jacket or tunic used in the Russian Empire and Soviet Union * French's, an American brand of mustard condiment * French catheter scale, a unit of measurement of diameter * French Defence, a chess opening * French kiss, a type of kiss involving the tongue See also * France (other) * Franch, a surname * French ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
