state-owned enterprise

Law amending the Law of 21 March 1991 on the reform of certain economic public companies

This law aims to modernize the Act of 21 March 1991 on the reform of certain economic public companies, in particular by:

• facilitating organizational constraints with regard to autonomous public companies that are mainly active in sectors open to competition, in order to place this companies on an equal footing with their competitors ("level playing field");
• aligning the appointment and functioning of the governing bodies of listed autonomous public companies to the general corporate governance rules that apply to listed companies;
• defining the framework within which the government stake in listed autonomous public companies could possibly be reduced to less than 50% plus one share.