The Federation of European Risk Management Associations (“FERMA”) welcomes the opportunity to comment on the European Commission’s staff working document, “Green Paper on the EU corporate governance framework”.
You will find FERMA’s reponse sent to European Commission by downloading this PDF document.
Download this file (PDF, 100K)
Here follows the introductory text, signed by FERMA’s President, Peter den Dekker:
Dear Sirs,
Re: FERMA response to the consultation document Green Paper on corporate governance
The Federation of European Risk Management Associations (“FERMA”) welcomes the opportunity to comment on the European Commission’s staff working document, “Green Paper on the EU corporate governance framework”.
FERMA gathers the national risk management associations from 17 European countries, including 14 EU Member States. FERMA’s 4,000 individual members represent major industrial and commercial companies as well as public authorities in their respective countries. These members manage complex risks and insurance matters on a daily basis in their companies.
FERMA welcomes the Commission’s goal to ensure that corporate governance rules and practices are fit for purpose. As a leading forum for risk management professionals, this is a matter close to members’ hearts and therefore FERMA is grateful for the opportunity to comment on the green paper.
Our contribution includes some opening remarks in support of better corporate governance in the EU, specific comments on the risk management aspects of the green paper, followed by other corporate governance issues dealing with risk management.
FERMA would be delighted to provide further advices on any risk management and insurance issue to contribute to build a European market where enterprises can compete fairly, develop, for their own benefit and the European economy, whilst respecting their social responsibilities.
Yours faithfully,
Peter den Dekker
President