Brussels, 06/11/2002 (Agence Europe) - Parliament's rapporteur on the takeover directive, Klaus-Heiner Lehne, welcomed the proposals on company governance set out in the report by Jaap Winter (see EUROPE of 4/5 November, p.9). In particular, the CDU member notes with satisfaction that European experts have made their independent proposals to the new American projects and that they "based themselves on the European business culture". …/..
have made their independent proposals to the new American projects and that they "based themselves on the European business culture". Mr Lehne said that the European Commission must now turn their proposals into reality and "hope" that they will take up the suggestions of the Winter group rather than from the US Sarbanes Oxley Act.