Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-02-12-Speech-4-071"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2004-02-12"^^xsd:date2
dcterms:Is Part Of	lp_eu:Vote2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20040212.3.4-071"2
lpv:hasSubsequent	lp_eu:2004-02-12-Speech-4-0722
lpv:speaker	lp:Proinsias De Rossa2
lpv:spoken text	". I wish to support this call on the Commission and the Member States to learn lessons from the Europe's largest corporate scandal in years, and strengthen EU auditing rules with particular regard to the interest of workers. In the wake of the accounting scandal surrounding Italian food group Parmalat, which erupted in December 2003 with the revelation of a black hole of EUR 4 billion in lost funds and EUR 14 billion in unpaid debt, I believe we certainly need the Commission to set up a revised directive on corporate governance that could strengthen rules on auditing. Time and time again workers and pensioners have lost out in the wake of corporate scandals so none of us can be in any doubt that there is an urgent need to improve corporate governance and strengthen our defences against corporate malpractice. Good company law and good corporate governance are essential to the job security of all employees and to the protect the future of members of company pension schemes. The financial services industry must certainly put its house in order and ensure ethical conduct and diligence to protect the jobs and savings of millions of people. It is outrageous that no warning signals were sounded while Parmalat funds were being embezzled."@en1
lpv:spokenAs	member; EMPL (2002-01-17--2004-07-19)3 substitute; Committee on the Environment, Public Health and Consumer Policy (2002-01-17--2004-07-19)3 unknown; Labour Party (1999-07-20--2004-07-19)3 member; Delegation for relations with the Palestinian Legislative Council (2002-02-07--2004-07-19)3 vice-chair; PES (1999-07-20--2004-07-19)3 vice-chair; PETI (2002-01-23--2004-07-19)3
lpv:unclassifiedMetadata	"(Abbreviated in accordance with Rule 137(1) of the Rules of Procedure)"1 "De Rossa (PSE ),"1 "in writing"1

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