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Corporate Governance in ContextCorporations, States, and Markets in Europe, Japan, and the US$
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Klaus J. Hopt, Eddy Wymeersch, Hideki Kanda, and Harald Baum

Print publication date: 2005

Print ISBN-13: 9780199290703

Published to Oxford Scholarship Online: March 2012

DOI: 10.1093/acprof:oso/9780199290703.001.0001

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European Company Law and Corporate Governance: Where Does the Action Plan of the European Commission Lead?

European Company Law and Corporate Governance: Where Does the Action Plan of the European Commission Lead?

Chapter:
(p.118) (p.119) European Company Law and Corporate Governance: Where Does the Action Plan of the European Commission Lead?
Source:
Corporate Governance in Context
Author(s):

Klaus J. Hopt

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199290703.003.0007

Company law reform in the European Union and European corporate governance is a fascinating area which is acutely relevant for companies and company law practice throughout Europe. This chapter focuses on the EU Company Law Action Plan of 21 May 2003, and its impact on company law and in particular on corporate governance. The High Level Group of Company Law Experts was tasked with preparing the report for the European Commission that was the basis for the Action Plan and which the Action Plan followed closely. The chapter gives a background picture of why the High Level Group proposed certain actions, the problems inherent in them, and what major critiques have been brought forward in the meantime. This is done in three parts: preparing the stage with setting the Action Plan in perspective (I), looking at the list of planned actions on topics other than corporate governance (II), and going into the corporate governance part of the Action Plan in more detail (III).

Keywords:   Action Plan, corporate governance, corporate regulation

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