The European Commission will hold a public hearing this week to debate priorities for the next phase of a far-reaching plan to overhaul corporate law and governance in the European Union.
Formally known as the EU Action Plan on Modernizing Company Law and Enhancing Corporate Governance, the economic blueprint brims with the lofty goals and Byzantine agenda points typical of the EU’s consensus-oriented politicking. At its heart, however, the plan seeks to make European businesses more competitive by strengthening shareholder rights and third-party protections, mostly through changes to corporate governance.
