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 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 th ...

. 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 in the sources of conflicts of interest v

References

{{Reflist 2003 in law 2003 in France French business law Corporate governance

See also

References