02 November 2020

EuropeanIssuers raises concerns vis-à-vis the European Commission regarding its plans on Sustainable Corporate Governance and Due Diligence

EuropeanIssuers Advisory Council met and has alerted EU Commissioner for Justice, Mr Didier Reynders, not to launch any legislative action based only on the conclusions of the recently published study on Directors’ Duties and Sustainable Corporate Governance of EY, mandated by the EU Commission.

In the presence of EU Commissioner Didier Reynders and numerous top-executives of major European companies, being members of the Advisory Council, EuropeanIssuers expressed full support to the concept of sustainable corporate governance, however EuropeanIssuers strongly opposes unfounded arguments from the Study on Directors’ Duties and Sustainable Corporate Governance.

EuropeanIssuers requests that an open dialogue is put in place to develop a system which works for all the stakeholders including governments, investors and shareholders and allows for a fair and balanced approach.

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