{"id":1387,"date":"2017-12-27T14:22:08","date_gmt":"2017-12-27T13:22:08","guid":{"rendered":"https:\/\/frjournal.eu\/journal\/?p=1387"},"modified":"2017-12-27T14:22:08","modified_gmt":"2017-12-27T13:22:08","slug":"current-issues-on-european-corporate-governance","status":"publish","type":"post","link":"https:\/\/frjournal.eu\/journal\/2017\/12\/27\/current-issues-on-european-corporate-governance\/","title":{"rendered":"Current issues on European Corporate Governance"},"content":{"rendered":"

D’Arcy Anne\/\u00a0Financial Reporting<\/a>,\u00a0Riviste<\/a>\u00a0\/\u00a0Fascicolo: 3-2013<\/p>\n

\n[Opinion]\n

I have been invited to provide my view on current issues on European Corporate Governance (CG). I am happy to follow the approach of David Alexander providing his opinion on the question \u201cIs there such a thing as European Financial Reporting?\u201d published in this Journal in the 4th issue of 2012: He proposes to concentrate on the \u201copinion\u201d rather the \u201cexpert\u201d part and does not provide an extensive bibliography. He concludes that financial reporting in Europe \u2013 which is not European financial reporting \u2013 is in a mess and highlights the (not always convincing) role of us academics in this standard-setting game. At least for the European Union (not Europe, as e.g. Switzerland or Norway should not be ignored) my conclusion seems to be obvious: of course there is nothing like a \u201cEuropean Corporate Governance\u201d. We now have 28 Member States with 28 national company and commercial laws, national and international sets of disclosure rules, codes etc. However, in the last decade we have witnessed the European Commission as a very active standard setter. 2000 words for this article are by far not enough even to briefly describe this. Accordinly, I will concentrate on two recent attempts to change, improve and harmonize corporate governance: The Green Paper \u201cThe European corporate governance framework\u201d from April 2011 and the Commission\u2019s \u201cAction Plan: European company law and corporate governance \u2013 a modern legal framework for more engaged shareholders and sustainable companies\u201d from December 2012.\u00a0In the rest of this article, I will use the terms Green Paper and Action Plan. [\u2026]\n

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