Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-07-04-Speech-2-167"

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"en.20060704.25.2-167"2
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". The UK Conservative Delegation abstained on the final vote of this report. We endorse many of the proposals in the Szejna report on developments in and prospects for company law, in particular, the need to apply better regulation principles, the necessity to take account of the needs of SMEs and the importance of developing best practice which respects the different traditions and systems of Member States. We also support many of the detailed proposals for improving transparency and the rights of stakeholders. However, there are a number of proposals that we cannot support, as they would introduce additional EU regulations in areas where there would be no demonstrated benefits to the evolution of an effective internal market for financial services. We also endorse the benefits for companies of involving their employees in workplace decision-making, but reject the imposition of any ‘one size all’ statutory model of participation. We therefore voted against Paragraph 3 and Recital F."@en1
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