Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-486-000"
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"en.20120613.29.3-486-000"2
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"Mr President, modern, well constructed European company law – and I do not have to convince anyone of this – is one of the most important conditions necessary for the single market to function well. I would say it is a
for the single market to be effective. I am, therefore, extremely pleased that on the question of company law, we are seeing significant progress in the work of the European Commission as well as a growing commitment to the matter. For a long time now, the members of Parliament’s Committee on Legal Affairs have emphasised that legislation which is appropriate for the current situation and which meets the needs of EU businesses is extremely important for the healthy and dynamic development of the European economy.
When European firms diversify or undertake new forms of activity, by making use of the Internet for example, modern legal measures are required which, above all, relieve the administrative burden and excessive bureaucracy while also allowing businesses to develop their operations in a way which, for them, is clear, transparent and secure. I am certain that consultations on the future of European company law, which have just been completed, will show the European Commission the proper course of action – by which I mean rectifying where possible the inadequate legislation which, unfortunately, still exists in the single market and completing it with new and good legislation.
I think, too, that the work currently being done in our Committee on Legal Affairs on legislation affecting the auditing and governance of companies will not, in practice, be able to proceed very far without the adoption of new or amended legislation on company law. I do, of course, realise that initiatives in this area – as the Commissioner has said – may encounter certain obstacles, particularly from some of the Member States. I am certain, however, that the added value of these projects will convince those who are undecided, particularly if the interested parties themselves, by which I mean the people who run Europe’s companies, choose to adopt them. I would like to express to the Commissioner and to all of us my hope that this work can be brought to a successful conclusion."@en1
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