RSS feedsThe European Commission has launched the second phase of its company law and corporate governance action plan by asking European stakeholders what needs to be done next.
The consultation, which runs until the end of March next year, intends to evaluate the overall aim and context of future priorities , the continued relevance of medium and long term measures and the value of modernizing and simplifying EU company law.
'The first implementation phase of the Action Plan has been a real success,' said internal market commissioner Charlie McCreevy. 'Since May 2003, nearly all measures scheduled for implementation in the short term have been adopted or are in the process of adoption. But today's context is different from the one in which the action plan was adopted, and we need to make sure that it still provides the most efficient response to market needs. That is why we have launched this consultation. Expert input will be important in preparing the strategy for EU company law and corporate governance in the coming years. Our future action must ensure that EU businesses are properly run and competitive.'
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