Europe: wide-ranging governance green paper likely this year

In an interview with Financial News, available here, Internal Market Commissioner Michel Barnier is quoted as follows:

Many shareholders acted with a short-term perspective rather than acting with the long-term viability of the institution they own in mind ... We need to reconsider the role and responsibilities of shareholders, how risk committees work, whether internal and external audits are working as they should, and the composition of executive boards. I hope to launch a Green Paper, a wide consultation with all stakeholders, on this issue before the end of the year".