EU Inc (the 28th regime) · 2026/0074(COD)
Supports fiduciary entrepreneurship and long-term value-driven business models but calls for legal certainty, simplified structures, and diverse innovation policies beyond VC-funded start-ups.
Allow European companies of all sizes to voluntarily implement fiduciary entrepreneurship models, not limited to start-ups or scale-ups.
“European companies of all sizes must have the legal possibility to voluntarily and irrevocably implement the following key elements”
Feedback, 2025-09-30 · the Commission’s translation
Support a diversity of business models in innovation policy, not only VC-funded exit-oriented start-ups, recognizing that over 30% of European start-ups are non-exit oriented.
“Diversity rather than a one-size-fits-all solution: Innovation policy should also support a wide variety of business models, but not only VC-funded exit-oriented start-ups. More than 30 % of European start-ups are non-exit oriented.”
Feedback, 2025-09-30 · the Commission’s translation
Create simple, legally secure, reliable, and implementable foundation models for fiduciary companies suitable for any company size.
“A responsible or tied company must be simple, legally secure, reliable and implementable for any size.”
Feedback, 2025-09-30 · the Commission’s translation
Ensure credible legal certainty and enforceability through mandatory supervisory boards or compulsory membership of independent audit or supervisory associations.
“Credible legal certainty and enforceability of these rules, e.g. through a mandatory supervisory board or compulsory membership of an independent audit or supervisory association.”
Feedback, 2025-09-30 · the Commission’s translation
Allow reasonable, performance-based profit distributions limited in duration or amount, terminable by both parties, and introduce a standardized European equity-like financial instrument for investors.
“Distributions of profits to investors or holders of profit rights must be reasonable and performance-based. They are allowed only for a limited duration or for a limited amount, or must be capable of being terminated at any time by both parties.”
Feedback, 2025-09-30 · the Commission’s translation
Enable separation of voting rights and profit rights, with voting rights non-transferable and non-heritable, operating on a naked-in-naked-out basis.
Enable wealth-linked companies to attract top talent through sense and structure rather than competing solely on salaries.
“Win top talents through sense and structure: Wealth-linked companies can attract top workers without having to compete exclusively on salaries.”
Feedback, 2025-09-30 · the Commission’s translation
Permit cross-border conversions only to legal forms with similar irrevocable asset tie characteristics to ensure legal certainty.
“Cross-border conversions of companies under this model are permitted only in legal forms of other countries with similar characteristics, in particular irrevocable asset tie.”
Feedback, 2025-09-30 · the Commission’s translation
Develop a stand-alone European innovation strategy that supports long-term value-driven entrepreneurship alongside the Silicon Valley approach.
“A stand-alone European innovation strategy: Europe should complement the Silicon Valley approach with its own strategy that also supports long-term value-driven entrepreneurship.”
Feedback, 2025-09-30 · the Commission’s translation
Open source underneath
WhoShapedIt is a thin layer on open-source packages. Star them, fork them, build your own micro.
Open-source context and state for AI: it keeps only what matters for the question.
In WhoShapedIt: Reads every lobby submission and position paper and each official text, cut into passages, and judges each passage against nine questions (who can use EU Inc, workers on the board, tax…), so every ask and every step is read on the passages that address it.
Open-source Svelte components for clean, accessible interfaces.
In WhoShapedIt: The status, the timeline, the theme picker, the camps of lobbies and the organisation pages.
Also built with SvelteKit · Vercel AI SDK · Zod