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Europe Daily Bulletin No. 8308

30 September 2002
Contents Publication in full By article 20 / 44
GENERAL NEWS / (eu) eu/internal market
Council adopts conclusions calling for action plan on corporate governance but there is still divergence over need to legislate

Brussels, 30/09/2002 (Agence Europe) - On Monday, the "Competitiveness" Council adopted conclusions inviting the European Commission to prepare an action plan on corporate governance. The conclusions state that such a plan should give an answer to the recent bankruptcy of companies, and explicitly cite the cases of Enron, Worldcom, etc. The plan should comprise legislative proposals and non-legislative proposals where necessary to strengthen and clarify several questions relating to...

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