The Bloc Québécois wishes to spare Quebeckers scandals such as the dishonourable sponsorship scandal, of which the Liberal Party of Canada showed us the entire ignominy from the mid-1990s, or the Option Canada scandal, which was orchestrated by federalist forces, both Liberal and Conservative, during the last referendum.

12. Endorses the general approach adopted by the Commission with a timescale matched to the one contained in the financial services action plan and which should be sufficiently flexible as regards the balanced use of legal instruments, directives and recommendations; welcomes the intention of the Commission to revise and prioritise the communication on company law and corporate governance in the wake of recent corporate scandals in Europe; agrees with the Commission that measures to encourage corporate governance must be dealt with at the same time, and with the same level of care and priority, as measures relating to company law; wit ...[+++]h regard to the rules on corporate governance, calls on the Commission to systematically take stock of the measures carried out in the Member States since the adoption of the Winter report and to take them fully into account when framing its proposals for directives and recommendations; in this connection, considers that the solutions adopted by the United States are not necessarily a suitable example for Europe and that it is vital that these rules should reflect the specific characteristics of the situation in Europe; accordingly, welcomes the Commission's efforts to develop projects for the formation of a European company;

4. Endorses the general approach adopted by the Commission with a timescale matched to the one contained in the financial services action plan and which should be sufficiently flexible as regards the balanced use of legal instruments, directives and recommendations. Welcomes the intention of the Commission to revise and prioritise the communication on company law and corporate governance in the wake of recent corporate scandals in Europe. Agrees with the Commission that measures to encourage corporate governance must be dealt with at the same time, and with the same level of care and priority, as measures relating to company law. With re ...[+++]gard to the rules on corporate governance, calls on the Commission to systematically take stock of the measures carried out in the Member States since the adoption of the Winter report and to take them fully into account when framing its proposals for directives and recommendations. In this connection, considers that the solutions adopted by the United States are not necessarily a suitable example for Europe and that it is vital that these rules should reflect the specific characteristics of the situation in Europe. Accordingly, welcomes the Commission’s efforts to develop projects for the formation of a European company.

11. Endorses the general approach adopted by the Commission with a timescale matched to the one contained in the financial services action plan and which should be sufficiently flexible as regards the balanced use of legal instruments, directives and recommendations; welcomes the intention of the Commission to revise and prioritise the communication on company law and corporate governance in the wake of recent corporate scandals in Europe; agrees with the Commission that measures to encourage corporate governance must be dealt with at the same time, and with the same level of care and priority, as measures relating to company law; wit ...[+++]h regard to the rules on corporate governance, calls on the Commission to systematically take stock of the measures carried out in the Member States since the adoption of the Winter report and to take them fully into account when framing its proposals for directives and recommendations; in this connection, considers that the solutions adopted by the United States are not necessarily a suitable example for Europe and that it is vital that these rules should reflect the specific characteristics of the situation in Europe; accordingly, welcomes the Commission’s efforts to develop projects for the formation of a European company;