Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-12-16-Speech-2-110"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2003-12-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Vote2
dcterms:Language	"sv"^^xsd:language2
lpv:document identification number	"en.20031216.3.2-110"2
lpv:hasSubsequent	lp_eu:2003-12-16-Speech-2-1112
lpv:speaker	lp:Lennart Sacrédeus2
lpv:spokenAs	substitute; Committee on Foreign Affairs, Human Rights, Common Security and Defence Policy (2002-01-17--2004-07-19)3 unknown; Kristdemokraterna (1999-07-20--2004-07-19)3 member; EMPL (2002-01-17--2004-07-19)3 member; Delegation to the EU-Ukraine and the EU-Moldova Parliamentary Cooperation Committees and Delegation for relations with Belarus (2002-02-07--2004-07-19)3 member; EPP-ED (1999-07-20--2004-07-19)3
lpv:translated text	"I have chosen to vote against the report and the proposal for a directive, which was however adopted by 325 votes, with 221 votes against and 7 abstentions. A certain harmonisation of the EU countries’ rules governing the financial markets may be needed in order to favour the internal market and, thus, growth. The directive on takeover bids is, however, along the wrong lines. If the directive is adopted, the Swedish system of A and B shares will continue as an exception. The directive is to be reviewed after five years, with an obvious risk of the Swedish system again being brought into question and abolished once and for all. The system of A and B shares is open and non-discriminatory and based upon purchasing agreements freely entered into. There is no evidence for assertions to the effect that the system involving differentiated vote values impedes company takeovers. A more principled objection is that forms of ownership should not be decided upon at EU level, nor the right of ownership brought into question nor long-term shareholder liability in a company impaired. I have also voted in favour of amendments aimed at giving company employees an opportunity to give their views of a takeover bid through having the company’s board consult their representatives."@en1

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