The Institute has welcomed the publication of the European Commission Communication setting out an action plan for company law and corporate governance: ‘Modernising Company Law and Enhancing Corporate Governance – a Plan to Move Forward’.
As a founding and active member of the Fédération des Experts Comptables Européens (FEE) and of the International Federation of Accountants (IFAC), the Institute has consistently promoted over many years a principles based approach to standards, to enforcement and to corporate governance. We particularly welcome the principles based outlook reflected in the positive European agenda for auditing, company law and corporate governance as set out in the European Commission's May 2003 Communications on Statutory Audit and Company Law.
The Institute will be responding in detail to the invitation to comment on the Action Plan for modernising company law and enhancing corporate governance.
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