Chapter News, News

Steps towards Building a Stronger Economic Union

European Parliament 14/12/2011 Agreement by most EU governments on further economic integration should be complemented by moves to restore growth and create jobs, says Barroso. Speaking to the European Parliament about decisions made on 8-9 December by EU leaders, Commission President Jose Manuel Barroso stated that the decision by 26 out of 27 governments on a new intergovernmental treaty setting tighter budget rules showed their readiness to move ahead with further European integration. The treaty would require governments to keep their general...

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Chapter News, News

Commission adopts Quality Framework for Services of General Interest in the EU

Brussels, 20 December 2011 - The European Commission has today adopted a Quality Framework for Services of General Interest (SGI) in the EU. They provide an essential safety net for citizens in areas such as health care, care for the elderly, child care, assistance to disabled persons and social housing. They also have a key role to play in the knowledge economy in the area of schools, training centres and university. At a time when public authorities are confronted...

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Member News, News

EACC Member C’M’S advises Mori Seiki on sales and Service cooperation with Gildemeister

Stuttgart - MORI SEIKI and GILDEMEISTER AG ("DMG") are combining their sales and service activities in Europe. The sales and service functions of Mori Seiki GmbH in Germany are being integrated into a new Company within the GILDEMEISTER Group, DMG MORI SEIKI Deutschland GmbH. Mori Seiki GmbH is the German subsidiary of MORI SEIKI Ltd., Japan, a world leader in machine tool engineering. The sales and service operations of MORI SEIKI and GILDEMEISTER in other European countries will also...

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Member News, News

New Corporate Governance Code for Irish Funds

On 14 December 2011, the Irish Funds Industry Association issued a Corporate Governance Code (the “Code”) for Irish Investment Funds and their Management Companies. It simultaneously issued a Frequently Asked Questions document (“FAQ”), to complement the Code and support its introduction. The introduction of the Code arises from an invitation from the Central Bank of Ireland (the “Central Bank”) to the funds industry in 2010 to develop such a code, as part of a process of introducing corporate governance codes...

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Member News, News

Irish Central Bank launches PRISM

The Central Bank of Ireland (the “Central Bank”) has launched a new Probability Risk and Impact System (“PRISM”). The aim of this risk-based supervision framework is to supervise all financial firms using an approach that would make it materially less likely that a firm would fail, and less likely the firm would fail in a manner which would endanger financial stability or consumers. In addition to being a framework for risk-management, PRISM is also a software application and has...

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Chapter News, News

RESIST anti-corruption tool launched

Paris, 12 December 2011 ICC has launched a German version of the training toolkit Resisting Extortion and Solicitation in International Transactions (RESIST), which provides practical guidance for company employees on how to prevent or respond to inappropriate demands. The German version of the toolkit was launched on 9 December by ICC Germany, the German Global Compact Network and Transparency International Germany on the occasion of World Anti-Corruption day.RESIST is aimed at companies operating internationally and exposed to solicitation risks. The training tool...

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