The European Commission announced on Thursday that it has established an expert advisory group to provide detailed technical advice on preparing corporate governance and company law measures.
The group comprises twenty non-governmental experts from various professional backgrounds with particular experience and knowledge of the subject. It will be consulted by the Commission on a regular basis, and its advice will supplement, not replace, public consultations on the Commission’s initiatives.
Single Market Commissioner Charlie McCreevy announced this week that:
“Expert technical advice from stakeholders is indispensable to making regulation work. I am confident that this group has the practical experience and technical skills to provide such advice on corporate governance and company law."
"An appropriate framework in these areas should ensure more effectively run companies, which in turn should make an important contribution towards enhancing growth and jobs in Europe in line with the Lisbon competitiveness agenda.“
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