In 2011, the European Commission has adopted a Green Paper on "The EU Corporate Governance Framework". The EESC is therefore invited to submit its views on the suggestions set out in this Green Paper so that the Commission could take a decision on the next steps.
A public hearing will take place on 2 September 2011 in Sofia, Bulgaria, which will focus on better management of the board of directors, the appropriate engagement of shareholders, as well as the application of the "comply or explain" approach which underpins the EU corporate governance framework.
The goal of this initiative is to involve civil society in the debate as well as to present the viewpoints of different stakeholders on that issue. These contributions will serve as a basis for the discussion in the study group and will be reflected in the EESC opinion.