Mandatory Reporting between the Head of the Company and the French Works Council
Communications between the Head of the Company and the Works Council have to be regular
1) Within one month of the Works Council being elected, the Head of the Company (P.D.-G. or D.G. or Gérant) must communicate to the Works Council financial and economic information stating the legal status of the company, its economic prospects, the names of the major shareholders (holding more than 10% of the capital) and an analysis of how the company is doing in the sector in which it competes.
2) At least once a year, the Works Council must receive a written report about the company. This report must include figures of total turnover, profits or losses, global figures on the volume and value of production during the preceding year, information about transfers of capital or profits between subsidiaries and parent or holding companies, the status with sub-contractors, how the profits have been shared out, a resume of all subsidies or loans received from the State to buttress employment, a breakdown of investments made, any changes which have been made to the structure of the organisation and the total amount of salaries paid.
3) Every quarter, the Works Council must receive a report detailing information about trends in customer/client orders, the financial health of the organisation, and the number of jobs (including temporary jobs) which have been created or eliminated.