What is the overall context of the Commissions Communication published in July 2007?
An important part of the Commission’s Better Regulation agenda is the revision of the existing European legislation. In this context DG Internal Market and Services carried out the full review of the European company law, accounting and auditing directives. The objective of the exercise was not only to reduce the administrative burdens for companies (especially to SMEs) but to ascertain if the European rules are still adequate in today’s business environment.
