Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-09-Speech-1-142"

PredicateValue (sorted: default)
rdf:type
dcterms:Date
dcterms:Is Part Of
dcterms:Language
lpv:document identification number
"en.20090309.18.1-142"2
lpv:hasSubsequent
lpv:speaker
lpv:spokenAs
lpv:translated text
"Madam President, the adoption of a statute for a European private company will enable the creation of these companies, which will operate in all Member States on an equal basis. The aim, above all, is to remove the current burdensome regulations for small and medium-sized enterprises operating internationally. To run such an operation, SMEs are forced to found a company in the target country. This process, in view of the fact that there are 27 different legal systems in the EU, clearly generates huge costs. In the case of a European private company, the owners will be able to register their business in the same form, irrespective of whether they are operating in their own home country, or in any other Member State. The time and money saved on legal advice, management and administrative procedures will undoubtedly make the process simpler and more convenient for entrepreneurs looking to invest. One of the main fears that sceptics have concerns the lack of a requirement for the company to own a sufficient amount of share capital to protect creditors. Nothing could be further from the truth. Limited companies provide proof of the fact that a company can be successful without the need for share capital – they are the most popular kind of company in the world. In today’s world, share capital has lost its most important function, namely that of protecting creditors. In the case of a European private company, that protection is provided by other mechanisms, based mainly on the increased transparency of its operations and closer cooperation with creditors. Today, commercial partners themselves do not pay as much attention to share capital as to the flow of capital, known as cashflows, which reveal much more about the solvency of a company than capital alone. There is still the question of employees’ rights – it is especially in this context that trade unions are concerned about abandoning previously achieved standards. However, I consider this to be a false alarm. The proposed statute contains an unambiguous provision, according to which employee participation takes place in accordance with national legal regulations. The attractiveness of the European private company could be threatened by the threshold for employee participation being set too low. I think the minimum level of 500 employees should be maintained, so as not to burden smaller enterprises with additional costs."@en1
lpv:videoURI

Named graphs describing this resource:

1http://purl.org/linkedpolitics/rdf/English.ttl.gz
2http://purl.org/linkedpolitics/rdf/Events_and_structure.ttl.gz
3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

The resource appears as object in 2 triples

Context graph