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The concept of Better Regulation is on the agenda of the European Union since 15 years. Whereas the first steps were small and slow, the Members States have meanwhile recognized the necessity of the improvement of the quality and effectiveness of the acquis communautaire as a condition to fostering the European economy by creating further opportunities for business and removing obstacles to innovation. Although much has been done in the last few years, there is still a long way to go before we can claim to have done everything we can to remove the legislative and other obstacles to the implementation of the revised Lisbon Strategy.

Effects of the Better Regulation Approach on European Company Law and Corporate Governance