Table II

French shareholder activism and legal developments

PeriodPre-record datePost-record date
Legal
Developments
Record date (2006)Florange Act (2014)
Say-on-Pay (2013-2016)
Shareholder activismShareholder activism is developingReturn to French protectionism
New shareholder proposal
Dissident coalitionLocal proxy advisor
Shareholder Association
Hedge fund
Local proxy advisor
State as activist
Hedge fund
Activism successPartialPartial

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