Like a slow, inevitable, irresistible piece of origami, the EU’s plans on corporate governance reform in line with general CSR principles continue to unfold. This latest instalment looks at corporate governance and follows on from a public consultation and green paper in 2011.
Sixteen areas have been identified and put into an action plan. Some will require regulatory changes, all will be enacted during 2013 unless further investigation is required and all, with the exception of the SPE proposal, will apply to all listed companies across the EU.
Generally they fall into three broad categories: transparency, shareholder power and cross border ownership.