Missions, Actions & Objectives

AFIC's missions

Representation: AFIC federates and represents all participants in the private equity market vis-à-vis their environment, especially public policymakers (government, parliament, administration) and regulator AMF.
Control: AFIC assures that its members comply with the Code of Ethics approved by the AMF.
Transparency: AFIC publishes statistical data and benchmark studies for the profession (business activity; performances; economic and employment impact of Private Equity; etc.).
Information: AFIC tracks changes in the legal and tax framework in which the profession operates and informs members of these changes.
Training: AFIC provides training for its members and their partners.
Promotion: AFIC organizes events that bring together the different components of the financial community.

Guaranteeing that best industry practices are applied

AFIC members must comply with the Code of Ethics approved by the AMF.

The Ethics Commission, which is run independently of the Board of Directors, issues opinions if any party (regardless of whether it is a member) reports a failure to comply with the Code of Ethics on the part of one or more of its members. Sanctions can include exclusion from AFIC.

The Association also works to foster improvements in corporate governance.
In 2008, it introduced a Private Equity Charter which was signed by more than 190 members. The commitments set forth in the Charter make employee profit-sharing and good corporate governance among the companies supported by private equity key concerns for shareholders.

Moreover, to assure that its members behave responsibly in the conduct of their business, AFIC supported the drafting and circulation of a series of new recommendations:

A best practices guide for Venture Capital
Best practices for troubled investments
Guidelines for the compensation of Private Equity professionals