以法國做為歐盟會員國進行公司治理改革為例,可以看出歐盟各國因為政治、經濟環境不同,實行單一的公司治理法規耗費成本過高且實行不易,因此歐盟傾向於利用指令(directive)在各會員國進行轉換立法,以確保企業資訊的透明化,並落實市場監督的目的。 Since the Enron financial scandal in 2001 and the fraud financial reports, the corporate governance reform has been considerably worldwide increased. It is inevitably to rebuild the investor confidence on the financial market.
Like most of European Union member states, France has reformed a series of its laws and rules in corporate governance. This thesis works on the responsibility of board, the rights of shareholders, the role of stakeholder, and better disclosure, which are the focus of OECD Principles of Corporate Governance published in 2004.
Due to the economic differences and historical backgrounds among the member states, enforcing a common company law is costly and difficultly achievable. The EU Commission obliges all the member states to transpose directives and recommendations into national laws in order to remove all investment barriers and build up an integrated capital market in the future.