The EESC welcomes the intent behind the European Commission’s Green Paper, but strongly recommends a more precise and robust definition of corporate governance.
The Green Paper asks genuinely important questions. When answering all of them, the EESC would always like to quote the principles of the good corporate governance, and calls the Commission to take the relevant measures to make sure that all companies comply with these principles.
However, given the wide diversity of national corporate governance models, the EESC finds it particularly difficult to give a one-size-fits-all solution to them.
Although, in the EESC's opinion, most of the questions in the Green Paper have been answered by national corporate governance codes, this does not diminish the need for EU legislative intervention, with the scope set out in the Green Paper, in order to improve corporate governance in the European Union, by strengthening legislation and non-binding rules.
For more information please contact the INT Section Secretariat