France Telecom tightens its direct control over TP

The new members are representatives of France Telecom: Andre Cathalineau (FT R&D department deputy president), Yves Le Mouel (FT Polish section deputy president) and Jean-Pierre Temime (FT communication strategy and technical development deputy president). FT has currently seven representatives on TP's supervisory board. After the motion to expand TP's supervisory board was submitted, representative of one of the shareholders asked if Cogecom was aware of a corporate rule stating that at least half of the members of a supervisory board in a public company should be independent of its management. However, the company answered it did not have to employ this rule. "We understand that the law does not state the required number of independent members of a supervisory board. These are only free declarations," said Cogecom's representative. (Parkiet, p. 3) D.W.