Ref. Ares(2021)5245063 - 24/08/2021
sustainability, the Study also identified specific objectives that EU intervention could aim to
reach".
erroneous and biased. The ensuing
consultation process led to scathing criticism from academics and business organisations. A 3-
day hearing on the report by the European Corporate Governance Institute (ECGI) the highest
academic authority on corporate governance in Europe - concluded that the report should be
altogether. There was "
central to sustainability, but that most of the actions proposed in the EY Report are not those
that are needed to deliver on the sustainable growth objectives. Worse, if implemented, they
could do harm.
Nevertheless,
Inception Impact Assessment and the highly biased
consultation of the 26 October 2020 demonstrate that the Commission has taken the s
findings at face value. A call
from
Oxford, Harvard, Insead and other leading universities therefore recommended that the
Commission carefully consider the substantial concerns r
since
ell-intentioned but ill-considered prescriptive corporate governance reform can make it
harder, not easier, to address the pressing social challenges
, Hanken School of Economics
, Aarhus University
, BI Norwegian Business School
, Reykjavik University
, BI Norwegian Business School
, Andra AP-fonden (AP2)
, Första AP-fonden (AP1)
, Swedish Entrepreneurship Forum
, Copenhagen Business School
, Copenhagen Business School
, Gothenburg University
, Stockholm University
, BI Norwegian Business School
, Copenhagen Business School
, Krogerus Helsinki
, Gothenburg School of Business, Economics and Law
, Copenhagen Business School
, Hanken School of Economics
2
, Tredje AP-fonden (AP3)
, University of Vaasa
, Hanken School of Economics
, Stockholm School of Economics
Copenhagen Business School
, Jönköping International Business School
, Gothenburg University
, Norwegian School of Economics
, University of Agder
, Copenhagen Business School
, Lund University
, Copenhagen Business School
, Turku School of Economics
, Stockholm University
, Research Institute of Industrial Economics
, Stockholm School of Economics
, Uppsala University
, Copenhagen Business School
Oslo Metropolitan University
, Stockholm School of Economics
, Uppsala University
, Copenhagen Business School
, Norwegian School of Economics
, Tampere University
, University of Turku
, University of Helsinki
, Hanken School of Economics
, Copenhagen Business School
The Swedish Federation of Business Owners
, University of Borås
, BI Norwegian Business School
3