EU toughens up on corporate governance - papers 31 October

COMPANIES LISTED in the European Union face a new set of tough corporate governance rules aimed at preventing an Enron-style scandal in Europe, reports the FT. The rules are a sign of the EU's determination to increase investor protection and prevent corporate fraud in the wake of the crisis that rocked US markets. The rules, to be proposed to the European Commission by legal experts next week, could lead to a shake-up in corporate governance in several EU member states, including Germany, France, Italy and Spain. However, they stop short of an EU-wide binding corporate governance...