And the American Bar Association, the French government and the UN are pushing global Internet governance.
In a statement Monday, EADS confirmed that it was in "active" discussions with its core shareholder group — which includes the French government, the French conglomerate Lagardère and the German carmaker Daimler — about potential changes to its ownership structure and governance and said a further announcement would be made "as appropriate".
These days, with the French government trying to protect itself from what it considers Anglo-Saxon neo-liberalism and "French bashing," anything that smacks of the Anglo-Saxon system of governance is considered suspect.
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This was literally true in France until the mid-1990s, when an investigation into reforms of French corporate governance introduced the concept to the country's boardrooms.
For this, the authors blame not only Mr Messier, but French corporate governance, whose tradition of intertwined directors and supine institutional shareholders enabled him to get away with it.
It could worry investors that all this could be done without breaking the law, especially as other families with quoted firms have had comparable schemes.Related items French corporate governance: All in the familyOct 13th 2005What matters, though, is that the non-family shareholders have not fully benefited from deals over the years.
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It was not until 1904, after the Battle of Tit, that the French established loose governance over the region.
In one sense, Sunday's results represent a collapse of the French system of governance that has been in place for the past two to three decades.
