Due diligence: Council to weaken Commiss • Table.Briefings

Tomorrow, Thursday, the Council will vote on its position on corporate due diligence. Although the text lags behind the Commission’s proposal in terms of ambition, France is blocking it. Paris is pushing for financial services to be exempt from the law.

It’s more than a mere formality: On Thursday, the Competitiveness Council will vote on the General Approach to corporate due diligence. France tried to achieve a blocking minority in recent days. Thanks to the support of Italy, Spain, and Slovakia, Paris was able to build up sufficient pressure for the text to be discussed again today.

Due diligence: Council to weaken Commission text

Sign up now and continue reading immediately