22 January 2007

AMF report on Corporate Governance

THE AMF published its third annual report on Corporate Governance and Internal Control, along with its recommendations on the use of the reference framework for the internal control system of listed companies. In its 2006 report, the AMF once again notes a constant improvement in the information provided to markets. There is room for additional clarity with regard to the descriptions of internal control procedures, which still tend to vary in terms of content.

Among others, the AMF urges companies keep conducting an assessment of their board’s work. The AMF also urges companies to make public complete versions of the Internal rules of the boards of directors, or substantial sections of these rules.

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