Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-28-Speech-3-282-000"
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"en.20120328.23.3-282-000"2
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"Mr President, companies that see themselves as enterprises in the broader sense of the word, beyond the short-term maximisation of values for shareholders, are the ones that generate true value for their employees, their communities, the environment and the EU’s exchequers. Light-touch and self-regulation approaches have proved disastrous in the financial world, with consequences we will have to live with, and suffer through, for the foreseeable future.
The conspicuous absence of proposals from the Commission on employees’ representation and engagement with stakeholders is most regrettable. Gender diversity is not only an imperative in terms of equality, but it also makes economic sense as it has been demonstrated that companies with a significant female presence at executive levels fare far better than average.
Simultaneous membership of several company boards is patently incompatible with diligent work and flies in the face of the outrageous astronomical remuneration levels enjoyed, often regardless of performance. In the context of countries currently assisted by bailouts we must work to prevent the misuse of public monies due to poor corporate governance."@en1
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