Enterprises : Near Unanimous Disappointment in Social Business' Package

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The general impression that emerges from reactions to the social business' package, adopted by the European Commission on 25 October, is that the executive could have done better. This set of measures is meant to promote corporate social responsibility, cut red tape for small companies and improve the transparency of listed companies. Apparently, though, it failed to convince stakeholders, who of course welcome the initiative but regret its lack of ambition and weaknesses, as well as its unacceptable costs.

The Greens in the European Parliament applaud this "first step towards improving transparency on payments and the responsibility of large groups" but they regret that the …