Former commissioners venture into ‘problematic’ big-business roles via ‘revolving door’-former Commission President José Manuel Barroso has reportedly taken 22 new roles .

mparozo2-business-people re-el magazine

31 October 2015

Tags:business, business news  financial news, business finance, small business websites


Nine former European commissioners who left office a year ago this week have gone through the “revolving door” into “problematic” roles in big business, or other organizations with links to big business , according to a damning new report.

It highlights cases which are said to raise fears about the close relationship between the Commission and corporate interests and calls for strict rules to prevent conflicts of interest.

The report, by Corporate Europe Observatory and LobbyControl, examines cases such as ex-commissioner (and now MEP) Viviane Reding’s position on the boards of Agfa Gevaert, and the Bertelsmann Foundation, plus Neelie Kroes’s advisory position at Bank of America Merrill Lynch.

Former TTIP commissioner Karel De Gucht’s proposed board membership at Belgacom/Proximus also comes under the spotlight.

Meanwhile, former Commission President José Manuel Barroso has reportedly taken on new roles at the “corporate lobby-fests” of the European Business Summit and Bilderberg Conference and is said to be the busiest former commissioner with 22 notified new roles.

The study, Revolving doors spin again – Barroso II commissioners join the corporate sector, was released  on Wednesday (27 October).

CEO researcher Vicky Cann said: “Our research on the ex-members of the second Barroso Commission, shows that the revolving door rules remain inadequate and poorly implemented.

“The close relationship between the EU executive and the corporations it regulates leaves the door wide open to corporate capture and potential conflicts of interest.

“At least eight of the roles taken up by former commissioners should have been rejected outright by the Commission while others reveal a cavalier attitude to the risk that corporate interests could gain significant benefit from the recruitment of former commissioners to a variety of paid and unpaid roles,” added Cann.

Further comment comes from Nina Katzemich from LobbyControl who said: “The revolving doors between the Commission and the private sector keep spinning. The ban on lobbying for leaving commissioners needs to be extended to a full three years, explicitly covering both direct and indirect lobbying.”

She added: “The attitude to the risk of corporate capture through revolving door moves has to be changed and new rules properly implemented.”

The campaigners make a series of recommendations to tackle the revolving door including: an explicit ban on ex-commissioners accepting any new role which risks creating a conflict of interest and an absolute lobby ban, both for three years; an overhauled authorization process; and full transparency on all new roles taken by former commissioners.

Tags:business, business news  financial news, business finance, small business websites

Source

 


 

 

Business see also….

 

iPhone sales send Apple profits up

28 October 2015

iPhone Apples-business-people re-el magazineApple has reported a jump in sales in the three months to September, driven by sales of its iPhone….read more

 

 


Would you tell Apple when you’ve had sex?

27 October 2015

apple-business-people re-el magazineWhen Apple released its iOS9 mobile operating system it included a new feature – the ability for women….read more

 

 


Philips $3.3-billion sale of Lumileds to Go Scale in doubt

26 October 2015

A Philips logo is seen at Philips headquarters in Amsterdam January 28, 2014. REUTERS/Toussaint Kluiters/United Photos

Philips (PHG.AS) said on Monday the sale of its $3.3-billion Lumileds business to Go Scale Capital was uncertain,….read more

 

 


China cuts key interest rate to 4.35%

25 October 2015

china cuts-business-people re-el magazineChina has cut its one-year benchmark interest rate by 0.25 percentage points to 4.35%…..read more

 

 


Google’s new parent Alphabet reports steep profit gain

23 October 2015

google-business-people re-el magazineAlphabet the new parent company of Google, has reported profits up almost 50% for the third quarter….read more

 

 

 


Categories