EU Inc (the 28th regime) · 2026/0074(COD)
Supports a 28th regime allowing all European companies to implement fiduciary entrepreneurship with specific rules on voting and profit rights, but wants these key elements to be mandatory and enforceable.
Allow European companies of all sizes to voluntarily and irrevocably implement fiduciary entrepreneurship features.
“European companies of all sizes must have the legal possibility to voluntarily and irrevocably implement the following key elements”
Feedback, 2025-08-18 · the Commission’s translation
Ensure credible legal certainty and enforceability of these rules 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, 2025-08-18 · the Commission’s translation
Allow profit distributions only if they are reasonable, performance-related, limited in duration or amount, or terminable at any time by both parties.
“Distributions of profits to investors or holders of profit rights must be reasonable and performance-related. 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, 2025-08-18 · the Commission’s translation
Require separation of voting rights and profit rights, with voting rights being non-transferable and non-heritable, operating on a naked-in-naked-out basis.
“Separation of voting rights and profit rights The controlling majority of voting rights may only be held by persons or entities (including related parties) that do not hold profit rights at the same time (= tie of assets). Voting rights (configured as membership rights or similar) are non-transferable and non-heritable and operate on a naked-in-naked-out basis”
Feedback, 2025-08-18 · the Commission’s translation
Permit cross-border conversions only to legal forms in other countries with similar irrevocable asset tie characteristics.
“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, 2025-08-18 · 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