Translation of "Conseil financier aux entreprises " (French → English) :

Subject to CGD’s approval (this approval may not be unreasonably withheld or delayed) and at its expense, the Trustee may appoint advisors (in particular for corporate finance or legal advice), if the Trustee considers the appointment of such advisors necessary or appropriate for the performance of its duties and obligations under the mandate, provided that any costs and other expenses incurred by the Trustee are reasonable. Should CGD refuse to approve the advisors proposed by the Trustee, the Commission may approve their appointment ...[+++] instead, after hearing CGD’s reasons.

4. In the event of application of the resolution tools and exercise of the resolution powers provided for by Directive XX/XX/EU of the European Parliament and of the Council(**), the provisions of this Directive shall also apply to the financial institutions, firms and parent undertakings falling within the scope of Directive XX/XX/EU.

Skills, education and professional training 33.Regrets that the SBA does not pay enough attention to social and labour market issues that affect entrepreneurship and SMEs' capacities to fulfil their employment potential and recruit labour force with the appropriate skills; 34.Recognises that growth and innovation are largely driven by entrepreneurial SMEs; emphasises that more attention should be devoted to fostering the development of an entrepreneurial mindset at all levels of education and training, employing innovative methods such as real mini-companies in secondary education; emphasises the importance of supporting the development of the managerial and digital skills that small businesses require to be successful in the current mar ...[+++]ket environment; 35.Calls on the Commission and the Member States to develop and promote initiatives supporting better identification and forecasting of SMEs' skill needs, in particular to enable them to operate in a more sustainable way, and to develop strategies for entrepreneurship education and professional training based on best practice from Member States; 36.Calls on the Commission to put the ´ Erasmus programmes for young entrepreneurs´ programme on a permanent footing with a sufficient budget, based on the very encouraging results of the preparatory action even though it is still running on a limited scale; Resource efficiency 37.Welcomes the recognition by the Commission that SMEs have a key role to play in the transition to a resource-efficient economy; believes that meeting resource-efficiency objectives requires a value-chain approach; therefore, calls on the Commission for the establishment of sectoral SMEs coordinated projects and activities aiming at identifying potential resource-efficient innovations within the value and supply chains; 38.Welcomes the Commission proposal to adopt an Eco-innovation Action Plan; calls for ambitious measures supporting SMEs in introducing eco-innovative solutions at all stage ...

Skills, education and professional training 33.Regrets that the SBA does not pay enough attention to social and labour market issues that affect entrepreneurship and SMEs' capacities to fulfil their employment potential and recruit labour force with the appropriate skills; 34.Recognises that growth and innovation are largely driven by entrepreneurial SMEs; emphasises that more attention should be devoted to fostering the development of an entrepreneurial mindset at all levels of education and training, employing innovative methods such as real mini-companies in secondary education; emphasises the importance of supporting the development of the managerial and digital skills that small businesses require to be successful in the current mar ...[+++]ket environment; 35.Calls on the Commission and the Member States to develop and promote initiatives supporting better identification and forecasting of SMEs' skill needs, in particular to enable them to operate in a more sustainable way, and to develop strategies for entrepreneurship education and professional training based on best practice from Member States; 36.Calls on the Commission to put the ´ Erasmus programmes for young entrepreneurs´ programme on a permanent footing with a sufficient budget, based on the very encouraging results of the preparatory action even though it is still running on a limited scale; Resource efficiency 37.Welcomes the recognition by the Commission that SMEs have a key role to play in the transition to a resource-efficient economy; believes that meeting resource-efficiency objectives requires a value-chain approach; therefore, calls on the Commission for the establishment of sectoral SMEs coordinated projects and activities aiming at identifying potential resource-efficient innovations within the value and supply chains; 38.Welcomes the Commission proposal to adopt an Eco-innovation Action Plan; calls for ambitious measures supporting SMEs in introducing eco-innovative solutions at all stage ...

15. Calls on the Commission to draw up a study at Union level on the relation between the number of women on company boards and companies' financial performance, taking into account the study drawn up by Catalyst Inc. in 2007 which concluded that companies with three or more women on the board have an 83% higher return on shares and a 73% higher return on sales;

In complying with its obligation to draw up a conflict of interest policy under Directive 2004/39/EC which identifies circumstances which constitute or may give rise to a conflict of interest, the investment firm should pay special attention to the activities of investment research and advice, proprietary trading, portfolio management and corporate finance business, including underwriting or selling in an offering of securities and advising on mergers and acquisitions.