Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-362-000"

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"en.20120329.36.4-362-000"2
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"The smooth running of the internal market depends, in large measure, on good corporate governance rules and, consequently, on the trust placed in companies by the European public and consumers. It is important to make use of the present crisis as an opportunity to improve corporate governance, so a proportionate and flexible approach to corporate governance should be applied, given the diversity of existing national frameworks and of companies themselves. Such rules should never be imposed or mandatory; they should instead be guidelines to which companies adhere if they wish. I would also stress that, while more standardised and – perhaps – more demanding rules in this regard are desirable, the Commission should avoid the temptation to create too much red tape, given European companies’ need for growth and competitiveness."@en1

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