The European Company Law Action Plan Revisited: An Introduction
Klaus J. Hopt
Max Planck Institute for Comparative and International Private Law; European Corporate Governance Institute (ECGI)
February 17, 2010
THE EUROPEAN COMPANY LAW ACTION PLAN REVISITED, REASSESSMENT OF THE 2003 PRIORITIES OF THE EUROPEAN COMMISSION, LEUVEN, pp. 9-23, K. Geens, K. J. Hopt, eds., Leuven University Press, 2010
ECGI - Law Working Paper No. 140/2010
The European Company Law Action Plan of 2003 has been in the center of corporate law discussions in Europe for almost a decade. This introduction re-visits five of the main reform problems and outlines reform perspectives beyond the financial markets crisis. The five areas that the introduction re-examines are legal capital, corporate governance, one share/one vote, financial reporting, and corporate mobility. For the future, the introduction identifies as critical a mixed system of regulatory approaches, i.e. between market and regulation as well as between national regulation and European rules, a focus on adequate enforcement, and prudence in the aftermath of the financial crisis.
Number of Pages in PDF File: 23
Keywords: European Company Law Action Plan, legal capital, corporate governance,one share/one vote, financial reporting, corporate mobility, regulatory strategies, enforcement
JEL Classification: G3, G30, G34, G38, K22
Date posted: March 12, 2010 ; Last revised: November 29, 2010
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