The government has decided to let survive the crisis of confidence. resigned, without explicit approval of either directors or shareholders, the Financial Security Act (FLSA) will not restore investor confidence, investors and employees, the main victims of the earthquake recorded by the financial markets over the past three years. Why? Because this law, despite its name, does not really cause that led to the stock market crash and the last three financial years. Of the 140 items that includes the text, 49 relate to the organization of supervisory authorities, 48 of the reform of solicitation of investors, 42 on the modernization of auditing and the provisions applicable to overseas..

Currently, the line itself has doubts about the law she has just passed, it suggests, just the text approved mentor now a binding compensation bosses. CAC 40 collapses. All the most advanced binding were indeed rejected, often false pretext of safeguarding the competitiveness of the financial center of Paris. So, was rejected the introduction of class actions in French that would have allowed small shareholders to bring actions for damages, as is the case in the United States.

To advance the stock price. The law might also consider off-balance sheet carried by some industrial companies. As such, the example Alstom is again revealing. Thus we discovered that the company was a guarantor of its customers, the cruise line Renaissance Cruises, which went bankrupt in September 2001, taking with it the title of his sponsor (_ nearly 30% in a day!).

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