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Company law and corporate governance

The purpose of EU rules in this area is to

  • enable businesses to be set up anywhere in the EU
  • provide protection for shareholders and other parties with a particular interest in companies
  • make business more efficient and competitive
  • encourage businesses based in different EU countries to cooperate with each other.

EU rules on accounting and reporting complement this legal framework.

Current developments

Better corporate governance for companies

In April 2014 the European Commission presented:

Informal Company Law Expert Group

The group will assist the Commission in the preparation of new company law initiatives. The expertise of its members should help, in particular, to improve existing mechanisms for cross-border mergers and to develop initiatives on cross-border divisions and “groups of companies”.

Action Plan

  • The European Commission's Action Plan on company law and corporate governance, adopted in December 2012, outlines several initiatives that could help create a modern legal framework for business, enabling shareholders to play a more active role and resulting in more sustainable companies.

On 2 October the EU Justice and Consumers Commissioner Vera Jurova provided a keynote address to the Company Law in the Digital Age conference in Brussels.

Participants included Members of the European Parliament, EU Member States, and relevant national and international organisations.

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