A conference organized by the European Commission and Cooperatives Europe in Brussels today is aimed to highlight the social and economic importance of cooperatives. Vice President Antonio Tajani, Commissioner for Industry and Entrepreneurship will use this opportunity to consult stakeholders on whether and how to simplify the regulation on the European Cooperative Society (SCE from its Latin name ‘Societas Cooperativa Europaea’).
Co-operatives are enterprises that serve the needs of their members who contribute to their capital, own and control them, rather than to provide a return on investment. The objective of the statute for a SCE is to provide co-operatives with adequate legal instruments to facilitate their cross-border and trans-national activities. However, the success of the SCE has been relatively limited, mainly due its complexity (e.g. with its multiple references to national legislation).
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