Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-28-Speech-3-271-000"

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". Mr President, Mr Barnier, ladies and gentlemen, I welcome this discussion about the European corporate governance framework. Normally in the Committee on Legal Affairs, when it comes to own-initiative reports, in other words, non-legislative proposals, we try to bring all the political groups on board by means of compromises. On this occasion we did not succeed and that is a good thing, because in the case of corporate governance there are fundamental differences in the political perspectives of the Social Democrats and the Greens on the one hand and the Liberals, the Christian Democrats and the Conservatives on the other. For example, we believe that the comply-or-explain system is a useful tool in corporate governance. Any deviation from the code of conduct should be justified in an appropriate way and the alternative corporate governance measure that is taken should be described and explained. Calling for binding rules in this area, as the Social Democrats do in their alternative motion for a resolution, involves intervening to an excessive extent in companies’ freedom to do business and this is unacceptable, particularly when it is not dependent on the size of the company. Listed companies, some of which are small organisations, must not be lumped together with non-listed companies and small and medium-sized enterprises, especially given the additional call for sanctions to be imposed whenever there is a well-justified deviation from the code of conduct. This is pure socialism. We cannot simply force companies to accept the German or Austrian codetermination model in the light of the different corporate cultures in other Member States, even if this would perhaps prevent a few unnecessary strikes of the kind that often take place in southern Europe. I would now like to discuss the quotas for women. We in the Group of the Alliance of Liberals and Democrats for Europe have tabled a far-reaching amendment concerning the representation of women on boards. We are not fully in agreement within our group and we have heard the same thing from speakers from other groups. Nevertheless, I hope that this issue will receive broad support. In future, I would like to see the Commission giving more consideration to the dual structure that we have in Europe and not focusing solely on the system with a single board."@en1
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