European action plan on corporate governance.
The European Commission published on December 12th 2012 its action plan related to corporate governance and company law.
The action plan underlines that an efficient corporate governance framework is essential since well-run companies are likely to be more sustainable in the long run. Certain weaknesses have been noted in the corporate governance of listed companies and in the application of the 'comply or explain' principle found in the corporate governance codes. Therefore the Commission intends to take a series of initiatives that can be categorized in two main lines of actions for what concerns corporate governance :
• Enhancing transparency
• Engaging shareholders
|Read more :||05 Corporate Governance Newsletter - European Commission action plan on corporate governance.pdf|