Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-02-15-Speech-4-057"

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	"fr"^^xsd:language2
lpv:document identification number	"en.20070215.5.4-057"2
lpv:hasSubsequent	lp_eu:2007-02-15-Speech-4-0582
lpv:speaker	lp:Pervenche Berès2
lpv:spokenAs	member; PES (2004-07-20--2009-07-13)3 unknown; Parti socialiste (2004-07-20--2009-07-13)3 chair; ECON (2007-02-01--2009-07-13)3 substitute; AFCO (2007-01-31--2008-02-19)3 substitute; Delegation for relations with the People's Republic of China (2004-09-15--2007-03-13)3 member; Conference of Committee Chairs (2007-02-01--2009-07-13)3 substitute; Committee of Inquiry into the crisis of the Equitable Life Assurance Society (2006-01-19--2007-06-19)3
lpv:translated text	"Madam President, Commissioner, the Commission’s initiative was what we were looking for, but the way in which the Commission set its objectives needed correction. I believe that the work which we began in the Committee on Economic and Monetary Affairs and which, following many discussions, culminated in the agreement before us today, was worthwhile on two counts, first and foremost on the definition of the term shareholder, which, in the form proposed by the Commission, was too broad. This led us to embark on a definition of securities law that was very close to the practice in force on the other side of the Atlantic, which does not correspond to our traditional notion of what is a shareholder. I feel that a narrower, tighter definition, such as we are proposing today, is the right way forward. The second point on which we have been led to amend the Commission's proposal is the issue of the process of reattaching voting mandates. On this issue, too, I feel that, thanks to the work undertaken in the Committee on Economic and Monetary Affairs with our rapporteur, whom I wish to thank, we were able to emphasise the existence of compulsory instructions in the event of a mandate: an obligation to observe and retain these instructions. To this end, I feel that in addition to the question of cross-border rights for shareholders in this report, the Commission would be better off looking equally closely at what is important in terms of employee share ownership or the stability of shareholders in certain industrial situations regarding which, from a European perspective, we would favour a coherent strategy. I should like, if I may, to take this opportunity to ask you again, Commissioner, about the Commission’s position on the Hague Convention. This issue forms an integral part of this debate. Parliament asked you to withdraw the Commission’s signature under the Convention, and the debates in the Council have clearly not moved on very far. I should like to ask you, Commissioner, to talk to Mr McCreevy again and to tell him that this House wants the Commission to rethink its position on this issue and to withdraw the European Union's signature from this Convention."@en1

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