Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-806"
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"en.20111115.27.2-434-806"2
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"I welcome this proposal, which contains a straightforward codification of the existing texts without any change to their substance. I believe that when adopting new amendments, it is appropriate to recast the directive in the interests of legal clarity. Furthermore, in cases where it is necessary to go beyond straightforward codification and make substantive changes in a speedy manner, the Commission will be able to choose, on a case-by-case basis, whether to recast its proposal or whether to submit a separate proposal for amendment, leaving its codification proposal on the table, and then, once the substantive change has been adopted, incorporate it into the proposal for codification. The legislative process will thus be more flexible and swift. It should be noted that, in order to ensure minimum equivalent protection for both shareholders and creditors of public limited liability companies, national provisions relating to their formation and to the maintenance, increase or reduction of their capital must be coordinated."@en1
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