||Doing Business in Europe:
Introducing competition is a key element in the creation of an internal market in the European Union. Among other things, increased competition should make European companies more efficient and hence more competitive on the world markets, thereby lowering prices for European consumers. As early as 1959, members of the EU realized that creating a truly European company would be a huge boost for the internal market, as this would tackle the problem of companies being hampered in their Europe-wide activities by divergent regulatory frameworks in the different member states. By the end of the 1960s, tariffs and quotas had been abolished within the European Economic Community. However, many other obstacles to trade remained, with technical standards or administrative requirements often constituting non-tariff barriers to trade. The idea of creating European companies was not developed further at this early stage, and it remained just that: an idea.
- European Company Statute
- Towards a European Private Company Statute?
- Sarbanes-Oxley Act (SOX) and the Emergence of Corporate Governance Regulation
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