Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-360-875"
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"en.20120329.36.4-360-875"2
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"The report recognises that the Green Paper took an important step forward in rationalising the corporate governance system. As such, it requires a critical review involving recommendations representing the wealth offered by the variety of corporate cultures in the EU. The recommendations on boards of directors and the rights of shareholders are particularly important. The social tensions currently characterising the continent, sparked off by the financial crisis, have, in fact, dramatically and urgently returned to the top of the agenda the need to promote the values of transparency, rigour, moderation and recognition of the value of human capital, within a framework of principles that is as uniform as possible. During the last few years, the lack of a culture of moderation and sobriety, transparency and counterbalances, has generated distortions and bad practices, the negative repercussions of which have regularly been felt by the majority of people. Without prejudice to a respectful approach to national cultures and the principles of individual and corporate freedom, the Green Paper – as amended by the recommendations in the report – is an act of responsible governance that firmly tackles tendencies and anomalies that are damaging for European citizens. For these reasons, I voted in favour of the report."@en1
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