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Europe Daily Bulletin No. 8701

7 May 2004
Contents Publication in full By article 34 / 42
GENERAL NEWS / (eu) eu/corporate law
Consultation for preparing recommendations on independent directors

Brussels, 06/05/2004 (Agence Europe) - The Commission is continuing its consultation on reform of company law, launched after the scandals of the Enron and Parmalat kind. After the remuneration of directors and audit responsibility, the Commission looks at the role of "independent directors" or members of supervisory bodies of companies quoted on the stock exchange. Delays are short: parties have until 4 June to make their positions known and the Commission plans to present "recommendations"...

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