What are the general qualities of European administration and management?

Administration and management of societies is a policy and methodology according to which society or corporation is focused, controlled and moved towards growth and profits. Since the establishment of the European Union (EU), the EU countries have come closer to their collective goals to create a better environment for businesses to run, expand and achieve their markets without the unevenness of the national borders. The joint or general characteristics of the European administration and management of companies have changed somewhat, because shareholders, employees and parties in companies have adapted to changes in laws and regulations. It is now possible for a company created in one European country to operate its business in other European countries without separate management and management costs for each other country in which branches or subsidiaries have established offices and business.

Some of the Extracts in the European Administration and Management of Company are structuredY by EU Corporate. The Board of Directors are responsible for the annual reports and accounts of the company in all EU Member States. The audit committees oversee these reports and monitor the effectiveness of risk management systems, internal control and independence of all consolidated audits. The European Administration and Company Management has the protection of rights for shareholders, including the required notifications of all general meetings, the removal of electronic participation in meetings, the vote of correspondence shareholders, and the questions of shareholders who were allowed at any General Meeting. European companies can integrate into one country and continue merging, form holding companies and a common subsidiary without legal restrictions from 27 different countries that cause excessive legal fees and management costs.

Economic Cooperation and Development Organization (OECD) at the end of the 90. Letishered document on the principles of administration and management of companies that most European countries either referred to or handed over to the right of corpoRanet law for their business communities. The basic principles of this work included that effective frames of administration and management of companies should support transparent markets, have consistency in the rule of law and define clear responsibility between all supervisory, regulatory and coercive bodies. In addition, all rights of shareholders and key ownership rights should be protected framework of administration and should be expressed, inter alia, equality to all shareholders, including any minority or foreign shareholders.

European principles of administration and management of companies are in most countries, including recognition that ethical decision -making is not only good for public relations, but it is a good practice of risk management and limits litigation and damage. Code of behavior are developed for proven management procedures according to Directors and all managerial staff and the provisions on compliance are strictly enforced. The Board of Directors are responsible for the reports at the end of the year in the clear and understandable language of the company's positions andAlso in future prospects.