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Special Report

Impact investing


Commission's pension negotiator moves on

EUROPE – The European Commission’s Jean-Yves Muylle, who led the negotiations on the pension funds directive, has moved to a different position within the commission.

Muylle worked for two and half years in the occupational pensions department of the commission, and led the negotiations between the council and parliament regarding the pension funds directive which was adopted in May this year. The directive aims to establish a level playing field for cross-border occupational pension provision.

He will now be part of a three-strong corporate governance team issues, working on the implementation of the Commission’s Action Plan adopted in May this year.

The plan involves a list of legislative and non-legislative measures that must be implemented by companies prior to 2008/2009. It aims to strengthen shareholders rights, reinforce protection for employees and creditors and increase the efficiency and competitiveness of business.

Speaking about his move, Muylle thanked those who had co-operated over the last 30 months, and said that he was convinced that “a lot remains to be done in the area of occupational_pensions” and that he would be following the developments in the field with interest.

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