EU Inc (the 28th regime) · 2026/0074(COD)
Supports a 28th Regime that includes a harmonized European Future Profit Agreement and an optional irrevocable steward-ownership model to enable independent, mission-driven companies to grow sustainably in Europe.
Allow cross-border transitions only into legal forms abroad that guarantee comparable safeguards, particularly a binding and permanent asset lock, to maintain steward-ownership protections.
“Conversions of entities operating under this model should only be allowed into legal forms abroad that guarantee comparable safeguards, particularly a binding and permanent asset lock.”
Consulation PEC28th Regime.pdf, page 3
Establish robust enforcement mechanisms such as mandatory membership in an independent supervisory or auditing body to ensure compliance with steward-ownership principles.
“A robust legal mechanism must secure compliance with these principles — for instance, by requiring mandatory membership in an independent supervisory or auditing body.”
Consulation PEC28th Regime.pdf, page 3
Introduce a harmonized European Future Profit Agreement (EFPA) as long-term, non-voting capital with contractual contribution, subordination to debt, equity treatment, defined principal and repayment, and remuneration via interest or profit participation to lower transaction costs and mobilize patient capital.
“We therefore propose a harmonized European Future Profit Agreement (EFPA), designed as long-term, non-voting capital across the Union. Its core features: contractual contribution; subordination to debt; treatment as equity-replacing capital; defined principal and repayment; remuneration via interest or profit participation.”
Feedback, 2025-09-30
Include an optional, irrevocable steward-ownership regime with separation of voting and economic rights (asset lock), non-transferable and non-inheritable voting rights akin to membership, and limits on profit distribution to protect company independence and purpose.
“We endorse the proposal of the Repasi-Report for an optional irrevocable option of steward-ownership. This option would need to allow to irrevocably opt into: 1. Separation of control and financial interests... 2. Non-transferable voting rights... 3. Limits on profit distribution.”
Consulation PEC28th Regime.pdf, page 3
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