Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-18-Speech-2-234"
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"en.20100518.28.2-234"2
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"The administration and management of commercial companies is an area which raises new concerns, especially during the current crisis, even though it has been subject to constant regulation. In fact, making managers accountable, and I am not only referring here to administrators, is an absolute necessity in the context where we are intending to reduce systemic risks. In the case of corporations operating in strategic sectors, with either a large turnover or a significant market share, the financial problems which such corporations may encounter obviously go beyond the simple interest of shareholders, entering into the realm of ‘stakeholders’, in other words, creditors, employees, consumers, the relevant industry or state.
In this situation, the amendment being proposed by myself about making members of the Board of Directors accountable by forcing a percentage of this body’s members to be professionals supports the reduction in systemic risks as, at the moment, it is no longer enough to be a representative of the shareholder as long as, just as I showed, the benefit to the financial health and stability of certain corporations exceeds the strict investment benefit in the form of ownership of share capital. In addition, in order to encourage shareholder involvement in these corporations, which is passive in many cases when the proportion of capital held is too small, electronic voting should be regulated."@en1
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