Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-02-15-Speech-4-055"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2007-02-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Shareholders' voting rights (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20070215.5.4-055"2
lpv:hasSubsequent	lp_eu:2007-02-15-Speech-4-0562
lpv:speaker	lp:Peter Skinner2
lpv:spoken text	"Madam President, my congratulations to the rapporteur for his report. There are many essential elements concerning this report which we can all get behind, particularly in protecting the rights of shareholders and making the process transparent. It is nice to hear the transparency directive mentioned — which I worked on before. However, from a legal point of view its treatment is slightly different from the approach of the Committee on Economic and Monetary Affairs, where strong opinion found in favour of certain key issues, in particular necessary distinctions required in dealing with intermediaries and stock lending when, in particular, shares were repatriated in order to allow for owners to vote. The timing is vital and we are surprised, therefore, that Amendment 26 to Article 7 does nothing but confuse the situation. What happens to these shares – are they to be deposited? Transferred? Registered? What? There seems to be nothing there which allows for specific requirements. There are no specific requirements or references to them concerning the sale of transferred shares. Might this not lead to certain further confusion? There are also amendments from the ECON Committee which I have to say have been subject to what I deem the ‘recital effect’ by the Committee on Legal Affairs and to the ‘letter effect’ by Commissioner McCreevy, who suggested that later developments on these issues should be expected. Let us be frank. Nobody likes to be told that their amendments are reducible or that they can be ignored. The ECON Committee is an equal player and its remit allows it to be so. I can only say that the process has been unsatisfactory in that regard, which is partly the reason for this debate today. I hope we can come back to these issues in the ECON Committee with the Commissioner to repair some of these problems mentioned in our ECON opinion."@en1
lpv:spokenAs	member; Delegation for relations with the United States (2004-09-15--2007-03-13)3 unknown; Labour Party (2004-07-20--2009-07-13)3 member; ECON (2007-01-31--2009-07-13)3 substitute; ITRE (2007-01-31--2009-07-13)3 substitute; Delegation for relations with Switzerland, Iceland and Norway and to the European Economic Area (EEA) Joint Parliamentary Committee (2004-09-15--2009-07-13)3 member; Committee of Inquiry into the crisis of the Equitable Life Assurance Society (2006-01-19--2007-06-19)3 member; PES (2004-07-20--2009-07-13)3
lpv:unclassifiedMetadata	"Peter Skinner (PSE ). –"1

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph