Thursday 17 February 2011

Europe: the EU corporate governance framework - Commission green paper due in April

The European Commission's Internal Market consultation timetable - available here (pdf) - states that on 5 April this year the Commission will publish a green paper on the EU corporate governance framework and that this will focus on three areas: boards of directors, shareholders' engagement and the 'comply or explain' approach. It's noted that about 25 questions will be asked, covering issues such as board diversity, executive remuneration, risk management, shareholder cooperation, proxy advisors, minority shareholder protection and the functioning of the corporate governance system.

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