Cooperatives Europe’s response to the feedback consultation on EU Inc: a 28th regime

On 25 June, Cooperatives Europe responded to the feedback consultation of the European Commission’s proposal for an EU Inc: a 28th regime corporate legal framework. We welcome the Commission’s proposal for the EU INC and the efforts to support innovative startups and scaleups in Europe. The proposal provides a good basis to lower compliance costs and reduce administrative burden for companies overall. However, the EU Inc needs to address EU companies of all types, including the possibility to incorporate cooperatives’ specificities like variable capital, limited share transferability and democratic governance. We, for instance, argued for the creation of EU templates of articles of association that include cooperative adaptations.

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