On the 23rd of February, the EU Commission proposed a framework on binding provisions for due diligence together with new rules on corporate governance.
The Confederation of Swedish Enterprise welcomes that the Commission is aiming for a proposal that sets a European framework for this approach, replacing the existing patchwork of national rules that have multiplied over the last few years.
However, we do continue to have concerns that the design of the proposal is unclear and may lead companies to abandoning, or refraining from engaging in, complex markets.
We find it unfortunate that the Commission proposal still contains controversial provisions such as those on directors’ remuneration relating to corporate governance. This is a domain that we believe is, and should remain, a national competence.
In our two pager we highlight the points where we are most concerned and where we would want to see changes.
In summary we want to see: