Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-19-Speech-1-101"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2004-04-19"^^xsd:date2
dcterms:Is Part Of	lp_eu:Modernising company law and enhancing corporate governance2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20040419.8.1-101"2
lpv:hasSubsequent	lp_eu:2004-04-19-Speech-1-1022
lpv:speaker	lp:Pervenche Berès2
lpv:spokenAs	unknown; Parti socialiste (1999-07-20--2004-07-19)3 member; ECON (2002-01-17--2004-07-19)3 substitute; AFCO (2002-01-17--2004-07-19)3 vice-chair; PES (1999-07-20--2004-07-19)3
lpv:translated text	". Mr President, Commissioner, I should first of all like to thank our rapporteur, because I believe that we have here a good proposal for the position of Parliament. I admit that we are only at the communication stage at present. This is a start, but the hard part will come later. Perhaps people’s positions will harden then. However, this is a good starting position, and gives us the green light for our negotiations on this subject. I agree with you, Commissioner, when you say that self-regulation has demonstrated its limitations. Self-regulation is not enough to define the new balance that is necessary in order to organise countervailing power within the undertaking, because it cannot be the shareholders themselves who organise that countervailing power. In order to organise real countervailing power, you need to take all the partners into account. That is the thinking behind the position which our rapporteur is proposing to Parliament and which the Committee on Economic and Monetary Affairs will support with great determination. It seems to me that the only difficulty here is first of all ensuring that there is a willingness to organise countervailing power by achieving a balance between the various partners, but there also has to be a willingness to preserve what could be a corporate model which corresponds to the balance that has been achieved as a result of our European experience, without necessarily copying other models. Finally, we are moving forward here, on legislation which will be very complicated to implement, at a time when these same issues are under discussion in every Member State. That, I believe, is the real difficulty on which you or your successor will have to take a decision. How can we make our rates of progress coincide, so that what is decided in Brussels is not immediately rendered obsolete by what the Member States themselves have implemented in the context of their national legislation?"@en1

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