Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-28-Speech-3-281-000"
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"en.20120328.23.3-281-000"2
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"Mr President, I would first of all like to congratulate the rapporteur because although the report before us is chiefly concerned with the governance framework and common regulation of listed companies, it also places considerable emphasis on the expansion of codes of conduct and the requirement of proper and sufficient justification for the ‘comply-or-explain’ principle. As shadow rapporteur for the Group of the European People’s Party (Christian Democrats) on the Committee on Economic and Monetary Affairs I, too, had set these priorities as my objectives. I am convinced that in this way the system of governance can be rendered more flexible and can be brought closer to the practices of everyday life. Furthermore, the new regulatory system is in conformity with the system for the corporate governance of companies providing financial services, and promotes the setting of rules of conduct for companies at national level. An own-initiative proposal for the Commission to draft a governance package comprising acknowledged best practices in order to allow SMEs, the driving force of the internal market, to operate under increasingly uniform conditions has also been included in the report. All things considered this is an excellent, thorough report and I not only support it but also encourage others to do the same."@en1
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