European Company Regulation
The Council Regulation on the Statute for a European Company 2157/2001 is an EU Regulation containing the rules for a public EU company, called a Societas Europaea, or "SE". An SE can register in any member state of the European Union, and transfer to other member states. As of January 2011, at least 702 registrations have been reported. Examples of companies registered as a European Company are Allianz SE, BASF SE, Strabag SE, Gfk SE and MAN SE. National law continues to supplement the basic rules in the Regulation on formation and mergers.
The European Company Regulation is complemented by an Employee Involvement Directive which sets rules for participation by employees on the company's board of directors. There is also a statute allowing European Cooperative Societies.
There is no EU-wide register of SEs (an SE is registered on the national register of the member state in which it has its head office), but each registration is to be published in the Official Journal of the European Union.
Read more about European Company Regulation: Employee Participation, Development
Famous quotes containing the words european, company and/or regulation:
“Two great European narcotics, alcohol and Christianity.”
—Friedrich Nietzsche (1844–1900)
“In common with other rural regions much of the Iowa farm lore concerns the coming of company. When the rooster crows in the doorway, or the cat licks his fur, company is on the way.”
—For the State of Iowa, U.S. public relief program (1935-1943)
“Nothing can be more real, or concern us more, than our own sentiments of pleasure and uneasiness; and if these be favourable to virtue and unfavourable to vice, no more can be requisite to the regulation of our conduct and behavior.”
—David Hume (1711–1776)