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Cross-border aspects

In this section you will find information and documents
of a cross-border or a comparative nature.


(1) National systems
(2) National debates
(3) Transposition process
(4) Research activities
(5) Other relevant information (Info-Box)



(1) National systems



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DOCUMENTS:


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(2) National debates


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(3) Transposition process


DOCUMENTS:


(4) Research activities


Aspects of diversity
Formation of “empty shell SEs” (SEs without employees)






Academic interest in (supervisory) boards in the past focused mainly on their monitoring and control role, as explained by agency theory. Now diversity research on (supervisory) boards examines also process, dynamics and outcomes or focuses on exploring the influence of certain characteristics of (supervisory) board members that make a difference. Board members can be diverse as regards gender, other demographic variables, ethnicity, educational/professional background and the interests they represent, i.e. the interests of shareholders, employees, management or other stakeholders.


Report: Women on (Supervisory) Boards
(December 2005, Sandra Schwimbersky)


The report provides a first insight into a field of research that requires more attention in the future and which might provide general frameworks for the analysis of the impact of board member characteristics on outcomes and processes. Recently, two national initiatives, one German and the other Norwegian, aimed at increasing the number of women on supervisory boards. Since January 2004, 40% of board members in state-owned enterprises in Norway must be women. Since January 2006, this is also the case for newly established public limited companies. For existing public limited companies a transitional period of two years is provided. On average, women occupy 8% of corporate boardroom seats in the largest companies in Europe. However, the percentage varies from 22% in Norway to 2% in Italy. Although some of the data seem quite promising it must be pointed out large firms are not necessarily representative of the national situation. Moreover, a considerable number of female (supervisory) board members are employee or trade union representatives in some countries, for instance in France 10 out of 41 and in Germany 66 out of 83.

Documents/ Links:



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Looking at the first SEs to have been established, in a number of cases the company declared that the SE does not have any employees at the time of registration. As a consequence, no negotiations with the employees took place as required by the SE directive and its national transpositions. In most cases, registration was accepted nevertheless. However, nobody knows what will happen when such companies come to have employees at a later point in time. Will there be negotiations at that time? Business interests of some legal firms may well have motivated this kind of SE foundation, based on an intention simply to sell the SE as an “empty shell company” when the time is right.

German law professor Bernhard Blanke argues in his legal assessment (which was commissioned by the German Hans Böckler Foundation) that there always need to be negotiations under the SE directive. If not, registration has to be refused because such SE shells were plainly not the intention of the European legislator.

It would be worth obtaining information on similar SE cases in other EU member states, including how they were dealt with and evaluated.

Download summary in EN (pdf).


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(5) Other relevant information (Info-Box)


Links:


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