Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-21-Speech-3-221"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2004-04-21"^^xsd:date2
dcterms:Is Part Of	lp_eu:Vote (continuation)2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20040421.8.3-221"2
lpv:hasSubsequent	lp_eu:2004-04-21-Speech-3-2222
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	member_of_the_bureau; EUL/NGL (2002-03-06--2004-07-19)3 unknown; Partido Comunista Português (1999-07-20--2004-07-19)3 member; EMPL (2002-01-17--2004-07-19)3 substitute; AGRI (2002-01-17--2004-07-19)3 substitute; Committee on Women's Rights and Equal Opportunities (2002-01-17--2004-07-19)3 member; Delegation for relations with the Mashreq countries and the Gulf (2002-02-07--2004-07-19)3 substitute; PECH (2002-01-17--2004-07-19)3
lpv:translated text	". Following the major financial scandals that have erupted across the world, such as the Enron and Parmalat cases – and their systemic nature, the Commission is seeking to show that it has been working on the matter, with a view to improving transparency in companies, in other words their ‘governance’, (which appears to be the way in which they are governed) and their sense of ‘social responsibility’. This could be said to be a case of shutting the stable door once the horse has bolted but, once you remove the declarations of intent and the appeals to the good nature of the business community, all that is left in the report is propaganda, because the aims are quite different. These are: to restore public confidence – particularly in the financial markets; to make regulations more flexible in order to facilitate the cross-border restructuring of companies in the European Union; to increase the competitiveness of companies and to improve protection for shareholders and creditors. We are consequently unhappy that, instead of focusing on the issue of relations between shareholders and managers – between ownership and control – the Commission has not attached greater importance to effective protection for workers, to their participation and that of the organisations that represent them in the process of taking decisions on the lives of their companies. The fact is that these employees have fewer rights than creditors and should have not only minimum rights to be informed and consulted, but also the right to active participation, with the right of veto, in decisions that are important for the continuity of the company and of jobs."@en1

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