The orientations of the European commission on corporate governance are perfectly coherent if everybody accepted a view only based on finance dimension. This logical is too limited faced with difficulties of the the Anglo-Saxon conception of what is a company. It is time for European Union to have a larger view of what can be a common identity of European and to elaborate regulations on theses different topics: fiscality, competition law, company law, financial market rules...which encourage a social conception.
DE BEAUFORT, V. (2004). Vers des identités européennes d'entreprises. L'Option de confrontations, pp. 17-25.