First, of in terms of establishing a mechanism where effective checks and balances are in place, the general meeting of shareholders, the board of directors, the senior management and the board of supervisors are encouraged to assume their respective responsibilities and roles in accordance with the law.
A lack of clarity surrounding the future regulatory framework for a cross-border project makes it more difficult still to gauge whether the complexity of governance across cultural areas is something that can be organised while still making a profit. 5. Conditions and limits to European mergers and acquisitions Additional reforms are necessary before any further progress can be made here.