asked Her Majesty’s Government:
What steps they will take to promote the European Union strategy, “Modernising Company Law and Enhancing Corporate Governance in the EU”, published in May 2003 in the European Union communication for an action plan. [HL7158]
The Government have been promoting a clear UK strategy for modernising company law and enhancing corporate governance in the EU. In July 2005, the Department of Trade and Industry issued a publication, “Promoting Competitiveness: The UK Approach to EU company law and corporate governance” (URN 05/1205). In November 2005, the department hosted a UK presidency conference of EU partners and stakeholders on progress on corporate governance and on future priorities for the European Commission’s action plan. The outcome of that conference has been a full review of the action plan, the results of which are due later this year.