actualités internationales devoirs des administrateurs mission et composition du conseil d'administration normes de droit Responsabilité sociale des entreprises Valeur actionnariale vs. sociétale
Europe et intérêt de l’entreprise : ecoDa’s position paper on Directors Duties
Ivan Tchotourian 1 mai 2019 Ivan Tchotourian
Le 7 mars 2019, ecoDa a pris position sur le devoir de loyauté des administrateurs : « ecoDa’s position paper on Directors Duties »
Extrait :
ecoDa supports the fundamental concept of Corporate purpose. However the European Commission should propose policy principles and refrains from trying to standardize directors’ duties among Member States and sectors. ecoDa believes that soft law through Corporate Governance codes is more suitable to adapt to an evolving context.
Acknowledging that shareholders define the company’s purpose does not mean neither that the interests of other stakeholders should not be taken into account by the directors when fulfilling their duties towards the company. On the contrary, there is no doubt that boards are taking such interests into account to an extent deemed consistent with the company’s purpose. Basically, there is a sound business case for more social and environmental involvement. Understanding consumers’ expectations and employees’ aspiration is becoming a prerequisite to become more innovative, to attract the right talents and to ensure sustainability in the long run. It is obvious that companies cannot be run in a sustainable manner if boards ignore the context in which they operate.
Therefore, the European Commission should refrain from trying to harmonize the fundamental concept of corporate interest and directors’ duties due to the very important legal differences across Europe and the different contexts across sectors. No law should hold directors accountable to several “principals”, arguably with often mutually contradictory interests. The board can solely be accountable to the company for the discharge of its duty to promote the purpose of the company. If the criteria for liability are not clearly defined, the boards will be liable to nobody for nothing or to everybody for anything. “Being liable to everybody means being liable to nobody”. Legal certainty is the basis of a competitive economic environment.
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autres publications Normes d'encadrement normes de marché
Guide de gouvernance de l’IFC et d’ecoDa
Ivan Tchotourian 27 août 2015
La société financière internationale (IFC) et ecoDa ont publié en mai 2015 un guide très complet : « A Guide to Corporate Governance Practices in the European Union ». Accès sur l’Union européenne, ce guide apporter des éléments très intéressants sur les pratiques en Europe. On y trouve également des statistiques et une bibliographie pour chaque chapitre développé. Avec tout ce qui se passe en Europe, il est bon d’avoir une photographie !
This publication has been produced in collaboration with the European Confederation of Directors’ Associations (ecoDa) primarily aimed at ecoDa’s membership and for supporting IFC’s work in surrounding regions with countries aspiring to understand and follow rules, standards and practices applied in the EU countries but which may be of wider relevance and interest to practitioners, policy makers, development finance institutions, investors, board directors, business reporters, and others.
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Ivan Tchotourian
autres publications Normes d'encadrement
Manifeste d’ecoDa pour le futur du corporate governance
Ivan Tchotourian 12 août 2015
Bonjour à toutes et à tous, il y a un plus d’une année, ecoDA publiait ce manifeste à destination de la Commission européenne et du Parlement européen afin de leur faire connaître sa position sur les futures réformes de la gouvernance d’entreprise : « Position Statement on Some Major Corporate Governance Questions Addressed to the Future European Commission and European Parliament » (ici).
The ecoDa board therefore decided to submit a number of ideas that could help the European organizations to better grasp the governance priorities Europe is confronted with.
1. Board room professionalism – Optimizing boardroom dynamics and leadership, professional director development and board independence.
2. Duties and rights of shareholders – Promoting active & long term shareholdership
3. International level playing field – Finding the right balance between the need for further promoting the single European market while making optimal use of the rich diversity in governance models throughout Europe – Building more proportionality within the governance regulations.
4. Developing the right governance framework for different ownership structures and models
À la prochaine…
Ivan Tchotourian
