Companies are essentially individualistic organisations, in competition with other companies for market shares. Nevertheless, they do have certain interests in common, especially concerning the macro-economic environment – for example low tax regimes and a loose system of regulation to enable ‘entrepreneurial freedom’ to flourish. Employers therefore usually form collective organisations to promote their own interests through lobbying governments, negotiating nationally with trade unions to regulate the labour market, and disseminating information to their own members and other interested parties. The principal, though far from only, such organisation in France today is the Movement of French Companies (MEDEF, Mouvement des entreprises de France), which was formed in November 1998 when the former CNPF was renamed at an annual general meeting.