Law of Financial Safety

The law of financial safety (LSF) , also called Law Sea of the name of the Minister for Finance in station Francis Mer, was adopted by the French Parliament on July 17th, 2003 in right in order to reinforce the legal tendencies as regards governorship of company. LSF is appeared with the 177 Olympics of August 2nd, 2003 (2003-706 of August 1st, 2003).

This new law applies to all the public limit companies like at the companies calling upon the public saving; these provisions are applicable for the financial years open starting from January 1st, 2003.

Like the American law Sarbanes-Oxley, the law of financial safety rests mainly on:

a responsibility increased for the leaders
an intensifying of the control interns
a reduction of the sources of conflicts of interest

See the principal article: Governorship of company .

See too

Law on the new economic regulations of May 15th, 2001.
Presentation of the LSF (the law of financial safety): (site visited the 3/15/2007)
Law for the confidence and the modernization of the economy of July 26th, 2005.

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