Election
Further information: Elections in FranceSince the Referendum on the Direct Election of the President of the French Republic, 1962, the President has been directly elected by universal suffrage; he or she was previously elected by an electoral college.
After the Referendum on the Reduction of the Mandate of the President of the French Republic, 2000), the length of the term was reduced from 7 to 5 years; the first election to a shorter term was held in 2002. President Chirac was first elected in 1995 and again in 2002. At that time, there was no limit on the number of terms, so Chirac could have run again, but chose not to. He was succeeded by Nicolas Sarkozy on 16 May 2007.
Following a further change, the Constitutional law on the Modernisation of the Institutions of the Fifth Republic, 2008, a president cannot serve more than two consecutive terms. François Mitterrand and Jacques Chirac are the only Presidents to date who have served a full two terms (14 years for the former, 12 years for the latter).
In order to be admitted as an official candidate, potential candidates must receive signed nominations (informally known as parrainages, for "godfathering") from more than 500 elected officials, mostly mayors. These officials must be from at least 30 départements or overseas collectivities, and no more than 10% of them should be from the same département or collectivity. Furthermore, each official may nominate only one candidate.
There are approximately 45,000 elected officials, including around 36,000 mayors.
Spending and financing of campaigns and political parties are highly regulated. There is a cap on spending, at approximately 20 million euros, and government public financing of 50% of spending if the candidate scores more than 5%. If the candidate receives less than 5% of the vote, the government funds €800,000 to the party (€150,000 paid in advance) Advertising on TV is forbidden but official time is given to candidates on public TV. An independent agency regulates election and party financing.
French presidential elections are conducted via run-off voting which ensures that the elected President always obtains a majority: if no candidate receives a majority of votes in the first round of voting, the two highest-scoring candidates arrive at a run-off. After the president is elected, he goes through a solemn investiture ceremony called a "passation des pouvoirs" ("handing over of powers").
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