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Europe to Unveil Governance Reforms

Global Glimpses | April 13, 2010

The European Commission is expected to publish new proposals for corporate governance reform next month, which could lead to important legal changes across the trading bloc’s 27 member states.

The proposals focus on improving governance standards in the financial sector. They will be based on a report received by the Commission on the sector’s governance failings, according to a joint briefing paper from the law societies of England, Wales, Scotland, and Northern Ireland. The briefing provides an overview of all the key legal and regulatory initiatives in the Commission’s pipeline.

The policy proposals expected from the Commission are not the only Europe-level governance reform initiative underway. The European Parliament’s Legal Affairs Committee is reviewing a policy paper that calls for legislation on the remuneration-related aspects of corporate governance,...

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