Don't clip EU Inc.'s wings before it takes off
Business strongly welcomes the European Commission's proposal for an EU Inc. as a landmark initiative to make Europe a more attractive place to start, scale and invest in businesses. BusinessEurope Director General Markus J. Beyrer said: “To succeed, EU Inc. should not introduce additional obligations or more stringent requirements than those already in place nationally. This would undermine its purpose and significantly reduce its uptake by entrepreneurs, investors and growing businesses. The focus of the proposal should remain firmly on company law. Existing EU and national legislation already provide robust safeguards for different stakeholders, including rules governing employee participation. This does not change with EU Inc. Introducing new labour law requirements or additional employee participation rules specifically for EU Inc. is neither necessary nor justified. Such changes would alter the legal basis and political balance of the proposal, seriously jeopardising – or at the very least substantially delaying – the adoption of an initiative that Europe urgently needs to enhance its competitiveness. BusinessEurope calls on both the Council and European Parliament to deliver on their promise of an instrument that is simple, predictable, and attractive for companies of all sizes.” Read BusinessEurope’s position paper on the EU Inc proposal.
