Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-19-Speech-1-103"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2004-04-19"^^xsd:date2
dcterms:Is Part Of	lp_eu:Modernising company law and enhancing corporate governance2
dcterms:Language	"el"^^xsd:language2
lpv:document identification number	"en.20040419.8.1-103"2
lpv:hasSubsequent	lp_eu:2004-04-19-Speech-1-1042
lpv:speaker	lp:Ioannis Koukiadis2
lpv:spokenAs	substitute; EMPL (2002-02-05--2004-07-19)3 vice-chair; Committee on Legal Affairs and the Internal Market (2002-01-21--2004-07-19)3 member; PETI (2002-01-17--2004-07-19)3 member; PES (1999-07-20--2004-07-19)3 vice-chair; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees and Delegation for relations with Tadjikistan, Turkmenistan and Mongolia (2002-02-07--2004-07-19)3 substitute; Delegation to the EU-Bulgaria Joint Parliamentary Committee (2002-02-07--2004-07-19)3 unknown; Panellinio Socialistiko Kinima (1999-07-20--2004-07-19)3
lpv:translated text	". Mr President, successful corporate governance is bound up with a reduction in security in cross-border investments and an increase in the mobility of capital. For the Europe of the 25 members, this imposes the need for us to impart an overall identity to business through which its international influence will be exerted. This identity for Europe cannot be divorced from practices which are sensitive to social and environmental issues. That is why I particularly regret that my fellow members in the Group of the European People's Party (Christian Democrats) and European Democrats rejected my proposed amendment to the Committee on Legal Affairs and the Internal Market, in which I submitted that all directives on company law should include an obligation to inform and consult with the workers' representatives whenever important decisions are to be taken which affect the continuing existence of companies and jobs. It is a pity that, whenever we try to join forces with the productive system and employment interests, there is a rallying against such proposals, as if they represented a mortal danger. Similarly, as far as protecting shareholders is concerned, I think that, without doubt, the protection of their rights should be strengthened. However, and I am pleased that the Commissioner admitted this, we must in all cases accept the distinction between large and small shareholders, especially with regard to the use of modern technology in the exercise of shareholders' voting rights, given that small shareholders are more exposed to risk. I am delighted that the Committee on Legal Affairs and the Internal Market accepted the amendment in question. Finally, for the same reasons, special care must be taken to address methods which result in shareholders' being cheated out of their votes, as happens with arrangements which allow for the informal organisation of systems for the representation of shareholders by large anonymous groups. To close, I should like to thank the rapporteur, whose basic positions I agree with."@en1

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