Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-21-Speech-3-222"
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"en.20040421.8.3-222"2
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".
I voted in favour for the same reasons that European regulations on company law and corporate governance need to be modernised. What is at stake are the main political objectives (increasing the rights of shareholders and protecting third parties, improving corporate efficiency and competitiveness, etc.) that must underpin all actions needed in this field at European level. These include an action plan that classifies in order of priority the various measures that are considered necessary in the short, medium and long term. In drawing up this action plan, particular attention must be paid, however, to the need to respect a set of guiding criteria, specifically the principles of subsidiarity and proportionality and a degree of flexibility as regards the way the plan is used. Furthermore, the action plan is an important element in creating, in an enlarged Europe, a transparent and healthy capitals market, in particular given recent events in Japan, followed by those in the United States and in Europe – the Parmalat case, to be specific. Such a market will need further useful measures for sound financial management so as to prevent similar scandals and the economic and social consequences that they entail."@en1
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