The Overall Management of French State-Owned Companies in Question

Franck Brillet and Gilles Ménardière

Chapter 74 in Handbook of Top Management Teams, 2010, pp 633-646 from Palgrave Macmillan

Abstract: Abstract The desire to improve the management of state-owned companies is becoming a matter of current concern, most especially for those in monopoly positions, which are confronted with major changes and have to open up to competition and market forces, or soon will have to (cf. the French example of EDF, the electricity company). This requirement is an essential part of the European structures, in the name of the free movement of both capital and the provision of services. In accordance with the European Community treaty, article 86, France is obliged to respect the laws of competition. Henceforward, states are not to treat state-owned companies in such a way as to ‘prevent, restrict or distort the law of competition’. Above and beyond the matter of respecting the rules of competition, the real question arising is that of the future of public service companies in Europe. Electricity, gas and telecommunications have already been opened up to competition. These changes derive from the very structure of the European Community, and likewise from a redefinition of public services and of state-owned companies.

Keywords: Chief Executive; Supervisory Board; Executive Power; State Participation; France Telecom (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30533-5_75

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DOI: 10.1057/9780230305335_75

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