Elf’s corporate assembly formed

It comprised 12 members, including four elected by the employees and eight by the general meeting. Pursuant to the Companies Act, the corporate assembly was charged with supervising the management of the company by the board of directors and the chief executive.

The employee representatives had no direct influence, since they were not a majority. For the workforce, the corporate assembly became a forum for contact with management through meetings and through the insights provided and the opportunities to comment on board decisions. In that respect, the corporate assembly took over part of the staff committee’s functions.