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European Parliament passes resolution on the future of European company law

The European Parliament has positioned itself in the debate on the future of European company law in a resolution passed on 14 June 2012.

The debate was initiated by a public consultation on this issue held by the European Commission earlier this year. As is the case for the consultation, the resolution is quite wide ranging, covering both the purpose of European company law and recommendations for specific actions. The resolution stresses that "future initiatives should be compatible with national corporate governance systems and national laws on worker involvement" and the "need for a clearer corporate governance framework which focuses more strongly on stakeholder participation". The resolution can be read here:

http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2012-259

The EP procedure file following the history of the resolution can be viewed here:

http://www.europarl.europa.eu/oeil/popups/ficheprocedure.do?lang=en&reference=2012/2669%28RSP%29

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