AFFO Morning - June 10, 2025

June 10 - At our latest Matinale, we brought our members together to discuss an important theme in family business governance: "Family shareholders, between majority and minority... aligned or divergent interests?"

The discussion explored the theoretical and practical dimensions of this sensitive subject: how can family shareholders, depending on whether they are majority or minority shareholders, cooperate effectively? What are the dynamics
alignment of interests, when do tensions arise, and how can risks be mitigated?

Three top-quality speakers shed light on these issues:

• Stéphane Saudo, Partner at Turenne Capital Partenaires
• Cyril Benier, Senior Investment Manager at Pictet Asset Management
• Guillaume Bataille, Chairman of Estève & Compagnie

Many thanks to the Pictet Asset Management team for their warm welcome, and to Alexandre Boissarie and Marie-Noëlle de Pembroke for organizing the Matinale.