According to the ECIIA, wide-ranging changes to the structure of the European Commission (EC) could restrict the value created by good corporate governance practice.
ECIIA is concerned that a lack of clarity in the Commission's plans for the administration of its corporate governance activities and an increased emphasis on justice could lead to a more compliance-based approach to the implementation of corporate governance rules and guidance.
“We need to have a clear statement of the rationale behind this change and what the new structure hopes to achieve,” ECIIA President Thijs Smit says. “Corporate governance is not merely a legal and compliance issue. It is a way of creating sustainable value to both businesses and society and this needs to be reflected in the way corporate governance is dealt with at the EC.”
The role of JUST was substantially altered in the recent shake-up, but questions remain over the nature of its overall remit and the approach it will take to corporate governance in particular.
ECIIA's blog
© ECIIA
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article