Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-18-Speech-2-394"
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"en.20081118.31.2-394"2
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"Mr President, I would like to thank the rapporteur for her work on this file, which has turned out to be more complicated than expected. We are taking our commitment to reduce regulatory burden on companies very seriously and are grateful for Parliament’s continued encouragement in this regard.
However, it is difficult not to be disappointed with some of the proposed amendments to the First Company Law Directive. Let me recall that the European Parliament, in its resolution of 12 December 2007 on the Commission Work Programme 2008, welcomed the Commission’s determination to reach the goal of a 25% reduction in administrative burdens on undertakings at EU and national levels by 2012. Parliament stated that it would regard this as a key priority for the coming months, in particular as regards SMEs, and as an essential contribution to reaching the Lisbon targets. Parliament therefore underlined that it would examine legislative proposals in this light.
Furthermore, in its resolution of 21 May 2008 on a simplified business environment, Parliament supported this specific proposal for modifications to the First Company Law Directive, agreeing that it should be easier for companies to publish statutory information. In particular, Parliament strongly supported the use of new technology.
However, the Legal Affairs Committee’s report that is now on the table completely undermines the objective of the Commission’s proposal. The Commission’s impact assessment estimated the reduction potential at about EUR 600 million per year. Under the draft report, Member States could not only continue to impose all current administrative burdens on companies, but add new ones. So, whereas the Commission proposal is based on the idea that the new publication tool of an electronic platform should replace the current cumbersome publication methods, the draft report would, instead of reducing administrative burdens, add new ones.
The objective of the Commission’s proposal has been supported by an overwhelming majority of stakeholders. It was also supported by a very large majority of Member States in the discussions in the Council that have taken place so far. But adopting the directive in the form currently proposed by the Committee on Legal Affairs would risk jeopardising the credibility of the entire administrative burden reduction exercise.
To the extent that the objective of the Committee on Legal Affairs amendment is to secure the financing of newspapers that currently depend on the fees for company publications, this objective can in principle be shared by the Commission. However, other ways for this financing have to be found. It cannot be imposed on the companies by obliging them to comply with publication obligations that do not provide any significant added value in today’s technological environment."@en1
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