At a time when the government has launched a broad debate on the tasks of the company and on its corporate purpose, Afep and Medef wanted to highlight the theme of CSR in the corporate governance code of listed corporations due to the growing importance of non-financial issues in companies' strategies. Consequently, following the example of what appears in foreign codes, the role of the Board in improving the long-term value creation of the company is specified, taking into account the social, societal and environmental dimensions of its activities.
The Board may also propose to the general meeting of shareholders any statutory change to the corporate purpose that it deems appropriate.
Given its importance, the paragraph relating to the tasks of the Board is placed at the beginning of the code.