Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-14-Speech-4-295-250"
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"en.20120614.22.4-295-250"2
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I welcomed this document because the EU regulatory framework for company law and corporate governance needs to be adapted to reflect the growing trend for European companies to operate across borders within the EU and the continuing integration of European markets. The overall objective is to enable businesses in Europe to compete more effectively and to achieve greater success in a highly competitive global environment, while ensuring appropriate protection of the interests of creditors, shareholders, members and employees. However, any future initiatives should be compatible with national corporate governance systems and national laws on worker involvement, while striving for increased flexibility and freedom of choice in respect of company forms, internal distribution of powers and sustainable company strategies. There is untapped potential in company legal forms at European level that should be further explored, developed and promoted. The financial crisis has demonstrated the need for a clearer corporate governance framework, which focuses more strongly on stakeholder participation."@en1
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