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This is a French limited partnership (société en commandite par actions).
The legal device favoured by Mr Lagardère was the commandite par actions (a sort of managing partnership, also used by the Michelin family to control its tyre giant).
Moreover, it is hard to see how, after such a merger, Lagardère could continue to be a commandite par actions, a sort of managing partnership that gives Mr Lagardère power over his company out of proportion to his family's investment in it.
France's "SCAs" or Sociétés en Commandite par Actions have two tiers of partners: general ones jointly and severally liable for a company's debts, and limited partners who are ordinary shareholders with little power and who can lose only what they invest.
Artists Émilie Brout & Maxime Marion have also turned a business into a work of art with their Untitled SAS (in France, SAS is "société par actions simplifiées," which means a registered limited company).
To examine the involvement of PARs in this pathway, we tested whether the Gq inhibitor that blocks the PAR activity would inhibit the action of trypsin [17].
In some respects, the public's support was on a par with action on greenhouse gas regulation in 2010 – rather mild.
Focus includes the history of PAR and action research; debates regarding PAR as a form of applied social science; and practical, political, and ethical questions in the practice of PAR.
Au cours de cette phase, il est capital que les aspirations globales du projet ou programme se traduisent par des actions graduelles pour atteindre ces objectifs.
To explain par- ticipants' actions and mental simulations, we develop a model that plans over a symbolic representation of the situation, exe- cutes the plan using a geometric solver, and checks the plan's feasibility by taking into account the physical constraints of the scene.
It fails, in particular, to capture "human action par excellence", because it fails to account for the agent's participation.
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CEO of Professional Science Editing for Scientists @ prosciediting.com