A New Dawn for Corporate France

Summary:

In 2016, France introduced the Sapin II Law, which marked a significant shift in corporate ethics and governance. The law aimed to address global criticism of France's efforts to combat corporate malfeasance, particularly overseas. The SAPIN II Law introduced several key highlights, including the creation of the AFA to oversee corporate conduct, provisions for whistleblowers to champion transparency, and a proactive approach through compliance programs for large corporations. Overall, the law positions France as a leader in corporate probity, shaping the future of business ethics in a rapidly globalizing world.