Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-30-Speech-4-177"
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"en.20020530.6.4-177"2
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On the one hand, companies play an important role for society as a whole, because they create employment and income and provide people with the products they want. On the other hand, however, owners and managers often take little interest in the consequences their actions have on their employees and the public and the environment in general, and their only concern is to maximise their return on investment. Without government legislation, bad companies would triumph over the good ones in the competitive battle. Those that incur the least costs and are therefore able to sell their products at the lowest prices can survive best, even if this is at the expense of democracy, jobs, the environment and animal welfare.
The introduction of binding Community rules at the level of international companies is to be welcomed, not only to protect values other than the economy but also to prevent better companies from being forced to become like the worse ones. The European Commission’s Green Paper wishes to confine itself to voluntary agreements and a comparison of good practice. The Committee on Employment and Social Affairs of the European Parliament is right to ask for social and environmental reports to be included in the fourth directive on company legislation, and also for independent control, equal opportunities for women and public access to the ethical criteria used by company pension funds in their investments, registered codes of conduct and trade union freedom."@en1
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