Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-20-Speech-2-193"
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"en.20040420.7.2-193"2
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".
I have chosen to vote against Amendment No 21 by the committee, which aims to abolish the Swedish system of different voting weights for A and B shares.
Some harmonisation of the rules of EU countries on financial markets may be needed for the benefit of the internal market, and thus of growth, but this amendment is along the wrong lines. The system of A and B shares is open, non-discriminatory and based on purchasing contracts that have been entered into freely. It offers opportunities for individuals and institutions to invest risk capital in an enterprise without the liability associated with ownership.
There is no proof that the system of differentiated voting power obstructs takeovers. A more fundamental objection is that deciding on forms of ownership, questioning ownership and preventing long-term owner liability for an enterprise are not matters for the EU."@en1
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