Commission working document on strengthening the role of non-executive or supervisory directors

23 July 2004

In the context of the forthcoming recommendation on the strengthening the role of non-executive or supervisory directors the Commission released a working document for comment. The Commission draw the attention to the definition of the scope currently envisaged for the forthcoming Recommendation.

The consultation document suggested that the measures to be adopted pursuant to the forthcoming recommendation should cover companies listed in the EU and incorporated in one of the Member Sates. In line with the suggestions made by some respondents to the public consultation, it is now envisaged that the measures to be adopted by Member States pursuant to the recommendation would cover all companies listed in the EU, whether or not they are incorporated in one of the EU Member States.

The adoption of the forthcoming Recommendation is currently scheduled for September 2004.

Working Document

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