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Recommendation on the role of non-executive or supervisory directors

The Commission Recommendation on the role of non-executive or supervisory directors of listed companies and on the committees of the (supervisory) board was formally adopted by the European Commission on 15 February 2005. The final version of the recommendation explicitly excludes board-level employee representatives from being classified as "threats" to board independence (see last page of recommendation, Annex II).

Links:

Reactions to the consultation (May 2004):

  • Letter from ETUC to the Commission - Available in English and French
  • Position Paper of the Austrian Federal Chamber of Labour (BAK) - Available in English and German
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