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Ethix

Member Area
Naming procedure for Checking calculation of profit-sharing



1. PREREQUISITE

The calculation of profit-sharing is usually checked by ETHIX during the assistance for Annual statement of accounts. In some cases, a tailored process of assistance can be implemented. Please let us know as soon as possible if needed.


2. MENTION IN THE AGENDA OF THE WORK'S COUNCIL MEETING

Before the Board gives the financial report, ETHIX must be named to process the calculation of profit-sharing. This naming must be mentioned in the agenda of a Work’s Council meeting because they have to give their approval.

For instance
Point of the agenda: "Naming and approval of a Chartered Accountant in charge of assistance in the analysis of the financial report including basis and calculation of the special fund of profit-sharing, as mentioned in the French Labour Code, D3323-14 article." 


3. NAMING DURING THE PLENARY MEETING OF THE WORK'S COUNCIL
 
During the plenary meeting, the Work’s Council discusses and approves the 2 following decisions:

  • the call for a Chartered Accountant as mentioned in the analysis procedure of profit-sharing calculation; 
  • the choice of a Chartered Accountant.

These discussions are restored as a decision in the minutes of the meeting.

For instance:

  • Decision 1: "The Work’s Council decides to be assisted by a Chartered Accountant for the analysis of the financial report related to the profit-sharing calculation as mentioned in the French Labour Code, D3323-14 article."
    This decision is approved by the majority of votes.
  • Decision 2: "The Work’s Council names ETHIX to assist them in the of the financial report related to the profit-sharing calculation."
    This decision is approved by the majority of votes.


4. START OF THE ASSISTANCE

The Secretary of the Work’s Council must inform us as soon as possible about their decision. After reception of our naming, we send 2 letters:

  • one letter of commitments to the Works’ Council secretary, including the layout of the work planning, the content, and the stages of the assistance, as well as estimated costs; 
  • one letter to the Work’s Council President, asking for people we have to meet and first necessary documents.
Then, the operational process could begin.

 

5. ASSISTANCE STAGES

On the basis of given documents as well as interviews with the Board, we analyse and check the calculation of the profit-sharing special fund. We restore our analysis to the representatives through written and spoken means (summarization report and further documents) in order they take it as their own.

 

> Please read section Legal framework Checking the calculation of profit-sharing.

> Please read section Fields of expertise Checking the calculation of profit-sharing.