Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-18-Speech-4-230"
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"en.20081218.33.4-230"2
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"Mrs van den Burg’s report on amendments to certain disclosure requirements for medium-sized companies and obligation to draw up consolidated accounts is a good legal document.
The report drawn up by the Committee on Legal Affairs aims, in the short-term, to simplify the operating conditions for small European enterprises. First and foremost, it aims to relieve them of the burden of having to disclose information pertaining to formation expenses treated as assets (costs related to setting up the business), as well as the obligation to draw up consolidated financial reports in cases where a parent company only has immaterial subsidiaries.
I believe that, within the framework of harmonising legislation concerning company law, allowing not only small, but also medium-sized enterprises to benefit from exemptions, poses no threat to transparency. In fact, I think that the opposite is true, as this move could significantly reduce their administrative and financial burden."@en1
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