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<TITLE>Business Objects S.A. Dated 11/8/2002</TITLE>
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<P align="right"><FONT size="2">As filed with the Securities and Exchange Commission on November&nbsp;8, 2002</FONT>

<P align="right"><FONT size="2">Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>

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<P align="center"><FONT size="5"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT>

<DIV align="center"><FONT size="3"><B>Washington, D.C. 20549</B></FONT></DIV>

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<P align="center"><FONT size="5"><B>FORM S-8</B></FONT>

<DIV align="center"><FONT size="3"><B>REGISTRATION STATEMENT<BR>
Under<BR>
THE SECURITIES ACT OF 1933</B></FONT></DIV>

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<P align="center"><FONT size="5"><B>BUSINESS OBJECTS S.A.</B></FONT>

<DIV align="center"><FONT size="2">(Exact name of Registrant as specified in its charter)</FONT></DIV>

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<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR>
        <TD width="49%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="49%">&nbsp;</TD>
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<TR valign="bottom">
        <TD align="center"><FONT size="2"><B>Republic of France</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center"><FONT size="2"><B>None</B></FONT></TD>
</TR>
<TR>
        <TD><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><HR size="1" noshade></TD>
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        <TD align="center"><FONT size="2">(State or other jurisdiction of<BR>
incorporation or organization)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center"><FONT size="2">(I.R.S. Employer Identification No.)</FONT></TD>
</TR>
</TABLE>

<P align="center"><FONT size="2"><B>157-159 Anatole France<BR>
Levallois-Perret<BR>
France 92300</B><BR>
(Address, including zip code, of Registrant&#146;s principal executive offices)</FONT>

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<P align="center"><FONT size="2"><B>FRENCH EMPLOYEE SAVINGS PLAN, as amended<BR>
1995 INTERNATIONAL EMPLOYEE STOCK PURCHASE PLAN, as amended</B></FONT>



<DIV align="center"><FONT size="2">(Full titles of the Plans)</FONT></DIV>
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<P align="center"><FONT size="2">
<B>Clifton Thomas Weatherford<BR>
Chief Financial Officer<BR>
Business Objects Americas<BR>
3030 Orchard Parkway<BR>
San Jose, California 95134<BR>
(408)&nbsp;953-6000</B><BR>
(Name, address, including zip code, and telephone number, including area code, of agent for service)</FONT>

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<P align="center"><FONT size="2">Copy to:<BR>
<B>Steven V. Bernard, Esq.<BR>
Wilson Sonsini Goodrich &#038; Rosati<BR>
Professional Corporation<BR>
650 Page Mill Road<BR>
Palo Alto, CA 94304-1050<BR>
(650)&nbsp;493-9300</B></FONT>

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<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="44%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="4%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="4%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="9%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="9%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="4%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="4%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center" colspan="17"><FONT size="2"><B>CALCULATION OF REGISTRATION FEE</B></FONT></TD>
</TR>

<TR valign="bottom">
        <TD nowrap align="center" colspan="17"><HR size="4" noshade></TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed Maximum</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed Maximum</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount of</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Title of Securities</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount to be</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering Price</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Aggregate</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registration</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>to be Registered</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registered (2)</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Per Share</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering Price</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Fee</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center" colspan="17"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Ordinary Shares, nominal value
0.10 euros per share(1)</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">French Employee Savings Plan</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right"><FONT size="2">260,000</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">13.92</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">3,619,200</FONT></TD>
        <TD nowrap><FONT size="2">(3)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">332.97</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">1995 International Employee
Stock Purchase Plan</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right"><FONT size="2">240,000</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">13.92</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">3,340,800</FONT></TD>
        <TD nowrap><FONT size="2">(3)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">307.35</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center" colspan="17"><HR size="4" noshade></TD>
</TR>
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<TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">American Depositary Shares evidenced by American Depositary Receipts that are
issuable upon deposit of the Ordinary Shares with The Bank of New York as Depositary
registered hereby have been registered pursuant to a separate Registration Statement
on Form&nbsp;F-6 (File No.&nbsp;33-83164).</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">This Registration Statement shall also cover any additional Ordinary Shares
which become issuable under the French Employee Savings Plan or the 1995
International Employee Stock Purchase Plan by reason of any stock dividend, stock
split, capitalization of reserves and premiums or other similar transaction effected
without the receipt of consideration which results in an increase in the number of
the outstanding Ordinary Shares of Business Objects S.A.</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Estimated in accordance with Rule&nbsp;457(h) solely for the purpose of calculating
the registration fee, on the basis of $13.92 per share (85% of $16.38, which was
the average of the high and low prices of the Registrant&#146;s American Depositary
Shares on November&nbsp;6, 2002)</FONT></TD>
</TR>
</TABLE>

<P>
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<P align="center"><FONT size="2">&nbsp;
</FONT>

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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TR><TD colspan="9"><A HREF="#000">PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;8. Exhibits.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">Index to Exhibits</A></TD></TR>
<TR><TD colspan="9"><A HREF="f85698exv5w1.txt">EXHIBIT 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="f85698exv23w1.txt">EXHIBIT 23.1</A></TD></TR>
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<!-- link1 "PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
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<P align="center"><FONT size="2"><B>PART II</B></FONT>

<P align="center"><FONT size="2"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></FONT>

<P align="left"><FONT size="2"><B>Explanatory Note</B></FONT>

<P><FONT size="2">This Registration Statement on Form&nbsp;S-8 is being filed pursuant to Item&nbsp;E under
the general instruction to Form&nbsp;S-8 under the Securities Act of 1933, as
amended, for the purpose of registering (i)&nbsp;an additional 260,000 of the
Registrant&#146;s Ordinary Shares (&#147;Shares&#148;) to be issued pursuant to the
Registrant&#146;s French Employee Savings Plan, as amended (the &#147;Savings Plan&#148;) and
(ii)&nbsp;an additional 240,000 Shares to be issued under the Registrant&#146;s 1995
International Employee Stock Purchase Plan, as amended (the &#147;1995 Plan&#148;). The
entire contents of the following registration statements previously filed by
the Registrant with the Securities and Exchange Commission relating to the
Savings Plan and the 1995 Plan (collectively, the &#147;Plans&#148;) are hereby
incorporated herein by this reference:
</FONT>
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<TR>
        <TD width="1%" nowrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
        <TD width="99%"></TD>
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        <TD nowrap><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;The Registrant&#146;s Form&nbsp;S-8 Registration Statement, Registration No.
333-42063, dated December&nbsp;11, 1997, relating to the Plans;</FONT></TD>
</TR>
<TR>
        <TD nowrap><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD nowrap><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;The Registrant&#146;s Form&nbsp;S-8 Registration Statement, Registration No.
333-65571, dated October&nbsp;9, 1998, relating to the Plans;</FONT></TD>
</TR>
<TR>
        <TD nowrap><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD nowrap><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;The Registrant&#146;s Form&nbsp;S-8 Registration Statement, Registration No.
333-84341, dated August&nbsp;3, 1999, relating to the Plans;</FONT></TD>
</TR>
<TR>
        <TD nowrap><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD nowrap><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;The Registrant&#146;s Form&nbsp;S-8 Registration Statement, Registration No.
333-42063, dated December&nbsp;11, 1997, relating to the Plans;</FONT></TD>
</TR>
<TR>
        <TD nowrap><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD nowrap><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;The Registrant&#146;s Form&nbsp;S-8 Registration Statement,
Registration No.
333-42670, dated July&nbsp;31, 2000, relating to the Plans; and</FONT></TD>
</TR>
<TR>
        <TD nowrap><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD nowrap><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6)&nbsp;The Registrant&#146;s Form&nbsp;S-8 Registration Statement,
Registration No.
333-69376, dated September&nbsp;14, 2001, relating to the Plans.</FONT></TD>
</TR>
</TABLE>
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<DIV align="left"><A NAME="001"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;8. Exhibits.</B></FONT>

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        <TD width="11%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="84%">&nbsp;</TD>
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<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Number</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Description of Document</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
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<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;&nbsp;4.1(1)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Form of Deposit Agreement, as amended and restated on December&nbsp;30, 1998,
among Business Objects S.A., the Bank of New York, as Depositary, and
holders from time to time of American Depositary Shares issued
thereunder (including Exhibit&nbsp;A to the Deposit Agreement).</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;&nbsp;4.2(2)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
French Employee Savings Plan, as amended.</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;&nbsp;4.3(2)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
1995 International Employee Stock Purchase Plan, as amended.</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;&nbsp;5.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Opinion of Shearman &#038; Sterling as to the validity of the Ordinary Shares.</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Ernst &#038; Young LLP, independent auditors.</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Shearman &#038; Sterling (included in Exhibit&nbsp;5.1).</FONT></TD>
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        <TD width="11%">&nbsp;</TD>
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        <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Number</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Description of Document</B></FONT></TD>
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<TR valign="bottom">
        <TD valign="top"><FONT size="2">24.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Powers of Attorney (included on signature page).</FONT></TD>
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<TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Incorporated by Reference to Exhibit&nbsp;4.0 to the
Registrant&#146;s 1998 Annual Report on Form&nbsp;10-K filed with the
Commission.</FONT></TD>
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<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Incorporated by Reference to the Addendum to the
Registrant&#146;s Definitive Proxy Statement on Schedule&nbsp;14A (File No.
000-24720) filed with the Commission on April&nbsp;22, 2002.</FONT></TD>
</TR>
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<P align="center"><FONT size="2">&nbsp;
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<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="002"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form&nbsp;S-8 and has duly caused this Registration
Statement on Form&nbsp;S-8 to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of San Jose, California, on November&nbsp;8, 2002.
</FONT>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="2"><FONT size="2">BUSINESS OBJECTS S.A.</FONT></TD>
</TR>

<TR><TD>&nbsp;<BR>&nbsp;</TD></TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">By:&nbsp;</FONT></TD>
        <TD><FONT size="2">/s/ Bernard Liautaud</FONT></TD>
</TR>
<TR>
        <TD colspan="2"><FONT size="1">&nbsp;</FONT></TD>
        <TD><HR size="1" noshade color="#000000"></TD>
</TR>
<TR valign="top">
        <TD colspan="2">&nbsp;</TD>
        <TD><FONT size="2">
Bernard Liautaud,<BR>
Chairman Chief Executive Officer</FONT></TD>
</TR>
</TABLE>

<P align="center"><FONT size="2"><B>POWER OF ATTORNEY</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>KNOW ALL PERSONS
BY THESE PRESENTS,</I> that each person whose signature
appears below constitutes and appoints Bernard Liautaud and Clifton T.
Weatherford and each of them, acting individually, as his attorney-in-fact,
with full power of substitution, for him and in any and all capacities, to sign
any and all amendments to this Registration Statement on this Form&nbsp;S-8 and to
file the same, with all exhibits thereto and other documents in connection
therewith, with the Securities and Exchange Commission, hereby ratifying and
confirming all that each of said attorneys-in-fact, or his substitute or
substitutes, may do or cause to be done by virtue hereof.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement on Form&nbsp;S-8 has been signed on November&nbsp;8, 2002, by the
following persons in the capacities indicated.
</FONT>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="39%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="32%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="19%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Date</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Bernard Liautaud<BR>
</FONT><HR size="1" noshade><FONT size="2">
<B>Bernard Liautaud</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Chairman of the Board
and Chief
Executive Officer
(Principal Executive
Officer)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 8, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Clifton T. Weatherford<BR>
</FONT><HR size="1" noshade><FONT size="2">
<B>Clifton T. Weatherford</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Chief Financial Officer
and Senior Group Vice
President (Principal
Financial and Accounting
Officer)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 8, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/  Bernard Charl&#232;s<BR>
</FONT><HR size="1" noshade><FONT size="2">
<B>Bernard Charl&#232;s</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 8, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Arnold N. Silverman<BR>
</FONT><HR size="1" noshade><FONT size="2">
<B>Arnold N. Silverman</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 8, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Albert Eisenstat<BR>
</FONT><HR size="1" noshade><FONT size="2">
<B>Albert Eisenstat</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 8, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ John Olsen<BR>
</FONT><HR size="1" noshade><FONT size="2">
<B>John Olsen</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">November 8, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;<BR>
</FONT><HR size="1" noshade><FONT size="2">
<B>Jerry Held</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "Index to Exhibits" -->
<DIV align="left"><A NAME="003"></A></DIV>
<P align="center"><FONT size="2"><B>Index to Exhibits</B></FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
<TR valign="bottom">
        <TD width="11%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="84%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Number</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Description of Document</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;&nbsp;4.1(1)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Form of Deposit Agreement, as amended and restated on December&nbsp;30, 1998,
among Business Objects S.A., the Bank of New York, as Depositary, and
holders from time to time of American Depositary Shares issued
thereunder (including Exhibit&nbsp;A to the Deposit Agreement).</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;&nbsp;4.2(2)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
French Employee Savings Plan, as amended.</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;&nbsp;4.3(2)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
1995 International Employee Stock Purchase Plan, as amended.</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;&nbsp;5.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Opinion of Shearman &#038; Sterling as to the validity of the Ordinary Shares.</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Ernst &#038; Young LLP, independent auditors.</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Shearman &#038; Sterling (included in Exhibit&nbsp;5.1).</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">24.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Powers of Attorney (included on signature page).</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>
<HR size="1" width="18%" align="left" noshade>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Incorporated by Reference to Exhibit&nbsp;4.0 to the
Registrant&#146;s Annual Report on Form&nbsp;10-K (File No.&nbsp;000-24720) filed
with the Commission on April&nbsp;2, 2001.</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="top">
      <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Incorporated by Reference to the Addendum to the
Registrant&#146;s Definitive Proxy Statement on Schedule&nbsp;14A (File No.
000-24720) filed with the Commission on April&nbsp;22, 2002.</FONT></TD>
</TR>
</TABLE>

<P align="center"><FONT size="2">&nbsp;</FONT>

</BODY>
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Business Objects S.A. Dated 11/8/2002
Table of Contents
As filed with the Securities and Exchange Commission on November 8, 2002
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
BUSINESS OBJECTS S.A.
(Exact name of Registrant as specified in its charter)
Republic of France
None
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer Identification No.)
157-159 Anatole France
Levallois-Perret
France 92300
(Address, including zip code, of Registrant's principal executive offices)
FRENCH EMPLOYEE SAVINGS PLAN, as amended
1995 INTERNATIONAL EMPLOYEE STOCK PURCHASE PLAN, as amended
(Full titles of the Plans)
Clifton Thomas Weatherford
Chief Financial Officer
Business Objects Americas
3030 Orchard Parkway
San Jose, California 95134
(408) 953-6000
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copy to:
Steven V. Bernard, Esq.
Wilson Sonsini Goodrich & Rosati
Professional Corporation
650 Page Mill Road
Palo Alto, CA 94304-1050
(650) 493-9300
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Proposed Maximum
Amount of
Title of Securities
Amount to be
Offering Price
Aggregate
Registration
to be Registered
Registered (2)
Per Share
Offering Price
Fee
Ordinary Shares, nominal value
0.10 euros per share(1)
French Employee Savings Plan
260,000
$
13.92
$
3,619,200
(3)
$
332.97
1995 International Employee
Stock Purchase Plan
240,000
$
13.92
$
3,340,800
(3)
$
307.35
(1)
American Depositary Shares evidenced by American Depositary Receipts that are
issuable upon deposit of the Ordinary Shares with The Bank of New York as Depositary
registered hereby have been registered pursuant to a separate Registration Statement
on Form F-6 (File No. 33-83164).
(2)
This Registration Statement shall also cover any additional Ordinary Shares
which become issuable under the French Employee Savings Plan or the 1995
International Employee Stock Purchase Plan by reason of any stock dividend, stock
split, capitalization of reserves and premiums or other similar transaction effected
without the receipt of consideration which results in an increase in the number of
the outstanding Ordinary Shares of Business Objects S.A.
(3)
Estimated in accordance with Rule 457(h) solely for the purpose of calculating
the registration fee, on the basis of $13.92 per share (85% of $16.38, which was
the average of the high and low prices of the Registrant's American Depositary
Shares on November 6, 2002)
TABLE OF CONTENTS
PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. Exhibits.
SIGNATURES
Index to Exhibits
EXHIBIT 5.1
EXHIBIT 23.1
Table of Contents
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Explanatory Note
This Registration Statement on Form S-8 is being filed pursuant to Item E under
the general instruction to Form S-8 under the Securities Act of 1933, as
amended, for the purpose of registering (i) an additional 260,000 of the
Registrant's Ordinary Shares ("Shares") to be issued pursuant to the
Registrant's French Employee Savings Plan, as amended (the "Savings Plan") and
(ii) an additional 240,000 Shares to be issued under the Registrant's 1995
International Employee Stock Purchase Plan, as amended (the "1995 Plan"). The
entire contents of the following registration statements previously filed by
the Registrant with the Securities and Exchange Commission relating to the
Savings Plan and the 1995 Plan (collectively, the "Plans") are hereby
incorporated herein by this reference:
(1) The Registrant's Form S-8 Registration Statement, Registration No.
333-42063, dated December 11, 1997, relating to the Plans;
(2) The Registrant's Form S-8 Registration Statement, Registration No.
333-65571, dated October 9, 1998, relating to the Plans;
(3) The Registrant's Form S-8 Registration Statement, Registration No.
333-84341, dated August 3, 1999, relating to the Plans;
(4) The Registrant's Form S-8 Registration Statement, Registration No.
333-42063, dated December 11, 1997, relating to the Plans;
(5) The Registrant's Form S-8 Registration Statement,
Registration No.
333-42670, dated July 31, 2000, relating to the Plans; and
(6) The Registrant's Form S-8 Registration Statement,
Registration No.
333-69376, dated September 14, 2001, relating to the Plans.
Item 8. Exhibits.
Exhibit
Number
Description of Document
4.1(1)
Form of Deposit Agreement, as amended and restated on December 30, 1998,
among Business Objects S.A., the Bank of New York, as Depositary, and
holders from time to time of American Depositary Shares issued
thereunder (including Exhibit A to the Deposit Agreement).
4.2(2)
French Employee Savings Plan, as amended.
4.3(2)
1995 International Employee Stock Purchase Plan, as amended.
5.1
Opinion of Shearman & Sterling as to the validity of the Ordinary Shares.
23.1
Consent of Ernst & Young LLP, independent auditors.
23.2
Consent of Shearman & Sterling (included in Exhibit 5.1).
Table of Contents
Exhibit
Number
Description of Document
24.1
Powers of Attorney (included on signature page).
(1)
Incorporated by Reference to Exhibit 4.0 to the
Registrant's 1998 Annual Report on Form 10-K filed with the
Commission.
(2)
Incorporated by Reference to the Addendum to the
Registrant's Definitive Proxy Statement on Schedule 14A (File No.
000-24720) filed with the Commission on April 22, 2002.
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement on Form S-8 to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of San Jose, California, on November 8, 2002.
BUSINESS OBJECTS S.A.
By:
/s/ Bernard Liautaud
Bernard Liautaud,
Chairman Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS
BY THESE PRESENTS,
that each person whose signature
appears below constitutes and appoints Bernard Liautaud and Clifton T.
Weatherford and each of them, acting individually, as his attorney-in-fact,
with full power of substitution, for him and in any and all capacities, to sign
any and all amendments to this Registration Statement on this Form S-8 and to
file the same, with all exhibits thereto and other documents in connection
therewith, with the Securities and Exchange Commission, hereby ratifying and
confirming all that each of said attorneys-in-fact, or his substitute or
substitutes, may do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement on Form S-8 has been signed on November 8, 2002, by the
following persons in the capacities indicated.
Signature
Title
Date
/s/ Bernard Liautaud
Bernard Liautaud
Chairman of the Board
and Chief
Executive Officer
(Principal Executive
Officer)
November 8, 2002
/s/ Clifton T. Weatherford
Clifton T. Weatherford
Chief Financial Officer
and Senior Group Vice
President (Principal
Financial and Accounting
Officer)
November 8, 2002
/s/  Bernard Charlès
Bernard Charlès
Director
November 8, 2002
/s/ Arnold N. Silverman
Arnold N. Silverman
Director
November 8, 2002
/s/ Albert Eisenstat
Albert Eisenstat
Director
November 8, 2002
/s/ John Olsen
John Olsen
Director
November 8, 2002
Jerry Held
Director
Table of Contents
Index to Exhibits
Exhibit
Number
Description of Document
4.1(1)
Form of Deposit Agreement, as amended and restated on December 30, 1998,
among Business Objects S.A., the Bank of New York, as Depositary, and
holders from time to time of American Depositary Shares issued
thereunder (including Exhibit A to the Deposit Agreement).
4.2(2)
French Employee Savings Plan, as amended.
4.3(2)
1995 International Employee Stock Purchase Plan, as amended.
5.1
Opinion of Shearman & Sterling as to the validity of the Ordinary Shares.
23.1
Consent of Ernst & Young LLP, independent auditors.
23.2
Consent of Shearman & Sterling (included in Exhibit 5.1).
24.1
Powers of Attorney (included on signature page).
(1)
Incorporated by Reference to Exhibit 4.0 to the
Registrant's Annual Report on Form 10-K (File No. 000-24720) filed
with the Commission on April 2, 2001.
(2)
Incorporated by Reference to the Addendum to the
Registrant's Definitive Proxy Statement on Schedule 14A (File No.
000-24720) filed with the Commission on April 22, 2002.