Last month I was reviewing the latest events in EU corporate reform when I came across the concept of a European Company, or SE, and how it embraces employee participation in management decision making.
Making a mental note to come back and investigate I moved on.
So here we are .. investigating.
One of the principal commercial drivers of the European Union is to create an open market where national borders dissolve as barriers to the free trade of goods and services.
There is, though, one big problem with this: company law. Company law requires that a business must have a registered office in one particular country and conduct operations from there.
However if a business wants to move its base between countries, open a subsidiary in another country or merge with a business in another country, it has to jump through all the different legal hoops and regulations each country demands.
This flies in the face of “free movement of capital, goods and services”, so the concept of an SE was created.
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