1. Background and Introduction of the “societas Europaea”
Societas Europaea, European Company, from Latim is an organizational model, created by the European Union to harmonize corporate law within the European Market, on purpose of establishing a unique international statute, instead national laws from the states members of the EU.
The SE(Societas Europaea) is a legal entity governed by an EU statute. In the early 1960s it was first proposed, however it took more than 30 years to resume a statute in regarding the Corporate Law issues, employees involvement and management standards within the different countries parties of the SE. The cooperation would be the bridge to connect the …show more content…
Thus, when the SE entered into force, It had the effect of law program of company laws and in the meanwhile It had the guarantee to provide protection to both parties(employees and stake holders).
Attempting to break barriers in companies migration, the organizational model was created and it successfully has been applied during the years.
2. Development of the SE and Legal Framework.
Before starting to understand the meaning of this model and discuss its aspects, we need to have a brief insight of the path it followed until gets solid rules to be applied in the field of Workers and Management negotiations:
In 1965, the French government released a memorandum stating basic principles and standards that supposed to be accepted by the EC countries. 2
Later in 1970, the memorandum that was presented by the French government was taken as a base to draft the first statute issued and published by the Council of Ministers. It mainly