The European Union is riding the wa...

The European Union is riding the wave of corporate governance. The European Commission, the institution responsible for initiating European legislation, ask advice ofed throughout the summer on its 24-point action plan called "Modernizing Company Law and Enhancing Corporate Governance in the EU" Also known as the corporate governance "Action Plan," it was released forward May 21, 2003. On the same date the commission also announced 10 parallel proposals entitled "Reinforcing the Statutory Audit in the EU" With these unravellings the commission has taken its place as a co-leader in international regulatory unfoldings and also used the appeal of corporate governance to push