Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-18-Speech-4-229"
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"en.20081218.33.4-229"2
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"The action taken by the Commission to encourage the simplification and harmonisation of EU company law, with the direct aim of reducing the administrative burden by 25% by 2012, represents a necessary condition for boosting European companies' efficiency and making the Community business environment more attractive, by generating savings estimated at EUR 150 billion.
The initiative concerning the review of regulations featuring in the 4th and 7th Company Law Directive – in terms of waiving the obligations to disclose accounting information and draw up consolidated accounts not only for small enterprises, but also for medium-sized or parent enterprises with subsidiaries which are not considered material – also incorporates the contribution and has the support of the rapporteur, and guarantees, in the future, the stability and security of a legal framework suitable for a segment which plays a major role in creating jobs in the EU.
I also welcome the emphasis placed by the rapporteur on the need for transparency and the provision of accurate information for all stakeholders, particularly by means of a large-scale implementation of economic and financial reporting systems based on information and communications technology."@en1
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