European Commission proposes to strengthen shareholder engagement and introduce a "say on pay" for Europe’s largest companies
The European Commission has today adopted a package of measures to improve the corporate governance of around 10 000 companies listed on Europe’s stock exchanges. The package includes: a proposal to revise the existing Shareholder Rights Directive which will encourage shareholders to be more involved in the companies they invest in and to take a longer-term perspective into account; a recommendation to improve corporate governance reporting by listed companies; and a proposal for a directive on single-member companies which will help entrepreneurs reduce costs and organise activities abroad.
The importance of business services should be adequately reflected in the Europe 2020 Strategy according to a report which the High Level Group on Business Services delivered today. The group was launched by Vice-President Tajani and Commissioner Barnier in March 2013 to help define a European policy agenda for this important sector.
Commission welcomes the revised World Trade Organisation’s Agreement on Government Procurement (GPA)
The European Commission welcomes the entry into force on 6 April 2014 of the revised GPA concluded in December 2011. Businesses in countries that are party to the agreement will gain better access to each other’s public procurement markets. According to WTO estimates, the revision of the GPA will bring extra procurement opportunities worth around € 80 billion.
The European Commission has today hosted the signing of the Memorandum of Understanding (MoU) on the Sale of Counterfeit Goods via the Internet by four new stakeholders.
Encouraging national reforms in services markets and making sure companies do not face unjustified barriers when they do business abroad remains a clear priority. That’s why the European Commission has adopted today two working documents and an implementing decision in the area of services and e-signatures.
On 28 March, new EU rules on public procurement and concessions were published in the EU Official Journal. The legislative package will enter into force on 17 April. Member States will then have 24 months to implement the provisions into national law.
The European Commission has today adopted a package of measures to channel funds to the real economy, in particular to long-term investment. The package includes a communication on the long-term financing of the economy, a legislative proposal for new rules for occupational pension funds and a communication on crowdfunding.
The European Commission is organising together with the Japanese Ministry for Land, Infrastructure, Transport and Tourism the first meeting of the EU-Japan Industrial Dialogue on Railways today in Brussels.
The Commission adopts nine Regulatory Technical Standards (RTSs) to implement the single rule book in banking
The European Commission has adopted a package of Regulatory Technical Standards (RTS) needed to implement important provisions of the Capital Requirements Regulation and Directive (CRR/CRD). The nine RTS adopted today define the ways in which competent authorities and market participants must handle disclosures linked to securitisation instruments, measure potential losses from derivative positions and counterparty failure, as well as specifying the types of instruments that can be used for paying bonuses.
Commission adopts technical standards for the identification of material risk takers subject to the rules on remuneration in the Capital Requirement Directive (CRD IV)
The European Commission has today adopted Regulatory Technical Standards on criteria to identify categories of staff whose professional activities have a material impact on an institution’s risk profile. These standards supplement the requirements of the Capital Requirements Directive (CRD IV) and will ensure that the CRD rules on remuneration are applied consistently across the EU.