Categoria: International update

European competitiveness is being challenged both by emerging markets and by traditional competitors, such as the US. The deep and wide European recession resulting from the financial crisis has exposed the economic vulnerability of Europe. The need for concerted actions from the European business community, European governments and not the least the EU institutions has never  before been more pronounced.
Regulations and laws cannot solve the fundamental problem behind European competitiveness: the ability of European companies to stay competitive in a globalized world. On the contrary, lawmakers must design a legal framework that supports the sustainability and the competitiveness of European companies.
A key question is the level of professionalism governing European companies. Do the Boards of Directors of European listed and non-listed companies have the professionalism needed to advance European competitiveness in a sustainable way?  ecoDa chose the subject of “The professionalism of directors- Key to European Competitiveness?” to celebrate its 10 th anniversary.
This conference was  the last one in a series of ecoDa 10th Anniversary conferences.  It  started in Stockholm last June, moved to Ljubljana during the fall and is now finishing off in Brussels.

The project conference was divided into four parts:
– “The Professionalism of directors: Directors that deliver”,
– “Challenging discussion: The importance of economic intelligence for boardrooms”,
– “The Professionalism of Directors: Directors that are well selected”,
– “The Professionalism of Directors: Challenges for the 10 coming years”.

26/10/2015 
EU Alert for Week 43

1) The Financial Reporting Council has published more information about its project on corporate culture and boards.

2) An upcoming consultation following the non-financial reporting directive October 2015

3) An upcoming consultation on responsible investment October 2015

4) Gender Diversity in Boardrooms

5) 2016 Work programme for the European Commission

6) New surveys from the ECON Committee – European Parliament October 2015

7) News from ecoDa

ecoDa week alerts February-May 2015 on Shareholders Rights Directive and others

Week alert 2 includes:

1. The draft report of the JURI Committee on the shareholders’ rights directive.
2. The comments of the European Federation of Employee Share Ownership following the study on  “The Promotion of Employee Ownership and Participation”.

Week alert 3 includes:

1. Shareholders’ Rights Directive: Amendments to the ECON Committee draft report (see attached the full document)
2. Women on Company boards: plenary debate at the EP
3. DG Justice Organization Chart.

   

21/11/2014 

18/11/2014 

First released in 1999 and last revised in 2004, the OECD Principles are one of the key standards for sound financial systems of the Financial Stability Board. In 2014, the OECD has launched a review of the Principles to ensure the continuing high quality, relevance and usefulness of the Principles taking into account recent developments in the corporate sector and capital markets.

The draft is a work in progress that has been prepared by the Secretariat of the OECD Corporate Governance Committee in order to solicit input from business and labour representatives, civil society, and other interested stakeholders. It has not been agreed by the Corporate Governance Committee and its content is without prejudice to the final text that will be agreed by the Committee and approved by the OECD Council. Other OECD Committees will also be consulted. (The “track changes” show modifications to the 2004 version of the Principles, with “double underline/strikethrough identifying text that has been moved but not changed.)

Comments can be sent by 4 January 2015 to [email protected]. Comments received by that date will be published online unless otherwise requested.

More information on OECD work on corporate governance is available here: https://www.oecd.org/daf/ca/2014-review-oecd-corporate-governance-principles.htm.