Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-07-03-Speech-1-119"
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"en.20060703.17.1-119"2
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"Mr President, I should like first of all to thank and congratulate Parliament’s rapporteur.
In this field, Commissioner, you are really in quite a paradoxical situation. Since May 2003 you have had an action plan that would enable you to influence this debate, which is taking place in all the Member States. The reality is, however, that the speed at which the Commission works is such that, during that time, each Member State has been preparing for European negotiations. So rather than initiate a European process on subjects that are new, you allow the Member States time to adopt their own proposals, which then makes the development of European governance more complicated. Especially since it is a subject where the transatlantic dimension must not be underestimated and Europe would be better prepared if it were more advanced in the development of that European governance.
I am a little surprised at my colleague Mr Lehne’s reaction to the amendments that have been proposed – but he is not listening to me, so I shall have to go and tell him afterwards – when he says that adopting such and such an amendment tabled by the Socialist Group in the European Parliament would dilute this report a little more. I believe adding one or two useful references for corporate governance to the draft resolution’s 47 paragraphs deserves to be reconsidered.
So far as the double voting right is concerned, I for my part believe that the balance we found in the takeover bids directive was satisfactory. Unlike the Commissioner, I do not propose reopening that debate, especially since the question is not whether one national model or another is reprehensible but rather how a body of citizen shareholders can be put in place that will get us away from the volatile and stateless nature of today’s shareholder in the largest quoted undertakings. We should be encouraging long-term shareholding, employee shareholding and transparency of directors’ pay.
That is where your energies should be directed, Commissioner."@en1
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