Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-28-Speech-3-269-000"

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"Mr President, Commissioner, in discussing today’s report by Mr Sebastian Bodu, or indeed any other, we must always ask ourselves what it is that is really important for us. If we want to make the functioning of the European business sector more efficient by making changes to corporate governance that are sensible and – what is even more important – possible to implement in the free market, then we should support the report by our colleague Sebastian Bodu. I agree that, in these times of crisis, European companies must pay attention not just to economic outcomes, as after all it is they that generate employment, but also a wide range of social and environmental issues, as well as their own shareholders. The provisions negotiated by our rapporteur encourage greater transparency, stability and reliability of European companies at the same time as corporate social responsibility. Of course I understand that for some MEPs these recommendations are too weak and do not go far enough. However, I would repeat the question that I asked at the beginning. Do we want to put forward proposals that sound good but are unrealistic or do we want to bring about real change? I believe that the provisions concerning governance and operations as regards both substantive issues and technicalities, as well as the introduction of the ‘comply or explain’ principle into all companies and the corporate governance code will make it possible to create a better and more functional system. It should be borne in mind, however, that the introduction of corporate governance principles will not mean that companies are protected against the risks borne by every economic entity as regards their activities. Good management means sensible and balanced management that takes into account the interests of all stakeholders. Let us remember that we are also speaking here of private companies, companies that are functioning in the free Union market, and companies of which we like to boast loudly and often."@en1
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