Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-09-Speech-1-146"
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"en.20090309.18.1-146"2
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"Madam President, this legislative proposal corresponds in great measure to the European Parliament resolution, with recommendations to the Commission on the European private company statute, which was adopted two years ago. The purpose of the proposal is to create a standardised form of enterprise under Community law, which will be attractive to small and medium-sized businesses and will be based on simplified conditions and keeping the bureaucratic burden to a minimum.
The minimum capital stock of EUR 10 000, proposed by the Commission, may benefit the company’s image by providing a certain level of credibility. On the other hand, this amount is more difficult to raise in some Member States than in others. Share capital should not be a serious barrier to starting a business and therefore I endorse the compromise amendment adopted by the Committee on Legal Affairs, which sets the minimum capital stock of a European private company at EUR 1, but is accompanied by a requirement stipulating that the company’s managing body must sign a statement of solvency.
Regarding the question of employee participation in the enterprise, this should be decided by the law of the country where the company has its registered office. However, an exception should be made to this rule if the right of participation of a certain number of employees of the company, which would apply in the Member State where they actually work, would be restricted by the law in force in the country where the European company is registered. In this case, the management of the enterprise would be obliged to create a uniform system of participation, as part of an agreement negotiated with employee representatives.
Finally I would like to add that this new form of company does not replace other forms of enterprise which already exist in different countries, but offers an alternative to them, and that only when specific conditions concerning the establishment of such a company are met."@en1
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