The European Commission Publishes its Action Plan on Modernizing European Company Law & Enhancing Corporate Governance in Response to Enron, Ahold, and the Sarbanes-Oxley Act

Nathan, Charles M.; Poitras, Jean Paul; Von Randow, Philipp; Von Teichman, Christoph; Wolf, Gunnar
July 2003
Venulex Legal Summaries;2003 Q3, p1
The article discusses the publication of the an action plan for Modernizing Company Law and Enhancing Corporate Governance in the EU, by the European Commission in 2003. The action plan is the commission's response to prevent another Enron, Ahold and the Sarbanes-Oxley Act, allowing Member State flexibility in improving coordination of initiatives. Key elements of the plan include corporate governance, capital maintenance, groups and pyramids and corporate restructuring and mobility.


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