A new 15-person corporate governance forum will advise the EU Commission and member states on reform. While the members may all be highly qualified it is - as usual with EU activities of this kind - not clear who selected them and for what reason.
As the outcome of any deliberation in such a forum depends on the composition of its members - and the influence each member manages to wield during the discussions - the outcome is bound to be unsatisfactory.
There is no intent to have a clear decision - either via the forces of the free market or via a transparent political process.
We suggest that all our readers keep an eye on the activities of this forum so that we can avoid that any harmful decisions are made.
As the Forum is only supposed to meet once or twice a year (!) we will not hold our breath and expect any dramatic decisions soon.
Yesterday, the Business Roundtable got a ton of press by issuing this
statement with its view that the “purpose” of a corporation should be
changed so that...
2 hours ago
