A private company limited by shares : a vector of development
Patrimoine & Commerce has opted for the legal status of SCA (a partnership limited by shares), a mode of governance which is a real vector for development of the company.
The SCA facilitates implementation of the development plan by lifting the constraints of ownership control (desire for extensive opening-up of the equity).
The SCA allows an absolute separation of powers between the management bodies (the Managing Partners) and the control bodies (the Supervisory Board). Patrimoine & Commerce therefore wishes to ensure the independence of the control bodies of the real estate company. Thus, 11 of the 15 members of the Supervisory Board are independent within the meaning of the MiddleNext Corporate Governance Code.