French Financial Authority Proposes New Measures for Shareholder Activism

Published: April 24, 2023, 4:19 p.m.

In this episode of S&C\u2019s Critical Insights podcast series, Olivier de Vilmorin, head of the Firm\u2019s European M&A practice, discusses the measures proposed by France\u2019s securities regulator, the Autorit\xe9 des march\xe9s financiers (the \u201cAMF\u201d), concerning shareholder activism. Following a growing number of activist campaigns in France over the past several months, the AMF has clarified its position with pragmatic and constructive proposals to better control excessive behavior in shareholder activism campaigns, without preventing them. Olivier explores how these proposals will improve transparency and dialogue between shareholders and issuers and also strengthen AMF\u2019s response capabilities during activist campaigns.