Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-09-03-Speech-1-078"
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"en.20010903.6.1-078"2
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"Madam President, I am speaking this evening on behalf of my colleague Lord Inglewood who has been shadowing this for the British Conservative Group and who has unfortunately been delayed due to the inadequacies of plane transport from here to Brussels. He asked me particularly to make that point to you.
I broadly welcome this as a pragmatic proposal. I do not want to reflect on what might have been. I want to address a few remarks to the Commissioner about the implementation of this proposal because it is a welcome advance that we will actually get something into the market place – and that is how we should regard it, – because companies will have the option of whether to adopt this form of company statute or not. It is entirely pragmatic and practical that we will initially have a proposal that will be subject to governments among the 15 Member States.
I want to say to the Commissioner that considerable attention has to be given to ensuring that the rules for this new company statute are consistently implemented across the Member States. Currently, we have inconsistent application of company law within the existing Member States' statutes on things like publication of information, timely publication of accounts, proper completion of accounts – all those sorts of issues are currently implemented differently. This new statute has to be implemented consistently and we have to make sure that courts in Member States who will be responsible for this have the training and ability to do so.
I also join in what colleagues have been saying about issues to do with taxation and company law. Mr Mayer, in an excellent report, wisely says at the conclusion that he advocates launching the European statute on a maiden voyage. Well, it will show where repairs are needed – that is certainly true. But we must not overload this with other expectations about aligning company law, particularly tax harmonisation. I join with colleagues who have said how dangerous this is as a concept. We must not overload this statute with things that it was not designed to carry, otherwise it will sink very quickly indeed."@en1
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