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CAC40 groups cautious about reason


Barely 9% of them have included in their statutes this formulation defining the role of the company.

A company that takes into account all stakeholders, from employees to customers, suppliers and local elected representatives, and no longer just shareholders: this is the philosophy of the Pacte law, adopted in spring 2019. It must be noted that major French groups are advancing cautiously in this area.

According to a study by Comfluence, 55% of CAC 40 companies display a "raison d'être", which defines their role. But only 9% included it in their statutes such as Carrefour, Atos and soon Engie and Orange. The inclusion in the statutes makes the reason for being enforceable against third parties. Customers, suppliers and employees will be able to take advantage of it, ”explains Errol Cohen, lawyer at Le Play.

According to the law, the reason for being strictly speaking must be part of the statutes. " A formulation on the meaning of the company, but which does not appear in the statutes, should not be called raison d'être ", storms the lawyer. But, in the absence of a sanction, the vagueness

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Source: lefigaro

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