As part of a wider reform of EU corporate law, the Commission is now examining how to strengthen the rules and make them less dependent on self-regulation. Managers and boards of directors would be held more accountable for their decisions.
The Commission has set out its ideas in a discussion paper for a public consultation on possible reforms covering better oversight by boards, shareholder participation and enforcement.
The consultation ends on 22 July 2011 after which the Commission will decide whether the relevant EU laws need to be changed.
URL:
