WhoShapedIt EU Inc

EU Inc (the 28th regime) · 2026/0074(COD)

How The Luminaria lobbied on EU Inc

Supports, with changes
Company · USA

Supports creating a steward-ownership option in the 28th Regime but wants legal separation of control and economic rights, asset locks, and a standardized equity-like instrument.

1 submission to the Commission. Summaries are AI-written; the quotes are theirs, checked word for word.

What they asked for

  1. Who can use it?

    Wants changes
    Call for evidence (2025) · 23 Aug 2025

    Allow companies to use a standardized steward-owned designation to raise awareness and provide legal certainty across the EU.

    “Standardized Designation: Allow compliant companies to use a specific designation (e.g., steward-owned) for clarity.”

    Feedback, 2025-08-23
  2. How fast can you set one up?

    Wants changes
    Call for evidence (2025) · 23 Aug 2025

    Create an optional EU-wide steward-ownership framework with clear legal separation of voting control from economic rights, non-transferable voting rights, and enforceable asset and profit locks.

    “We advocate for a voluntary, EU-wide governance option for steward-owned companies, incorporating the following: Clear Separation: Legally separate voting control from economic rights, ensuring stewards prioritize the mission. Non-transferable Voting Rights: Implement "in-or-out" membership-like voting rights to prevent control from shifting to purely financial interests. Irrevocable Asset Lock: Establish a clear, enforceable asset lock, with cross-border conversions requiring equivalent protections.”

    Feedback, 2025-08-23
    Wants changes
    Call for evidence (2025) · 23 Aug 2025

    Mandate credible oversight mechanisms such as supervisory boards or independent associations with proportionate remedies for breaches of steward-ownership rules.

    “Enforcement: Mandate credible oversight (e.g., supervisory boards or independent associations) with proportionate remedies for breaches.”

    Feedback, 2025-08-23
  3. How much capital, and who protects creditors?

    Wants changes
    Call for evidence (2025) · 23 Aug 2025

    Introduce a standardized, subordinated 'future profit agreement' recognized EU-wide as equity or equity-replacing capital, compatible with asset and profit locks, to facilitate mission-aligned financing.

    “We support a standardized "future profit agreement" that is: Subordinated: Treated as equity or equity-replacing capital for regulatory and accounting purposes. Flexible: Allows for defined principal, maturity options, and compensation via capped interest or profit participation, compatible with asset/profit locks.”

    Feedback, 2025-08-23

Their submissions

See every lobby and how the EU Inc text changed →

Open source underneath

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Contextrie

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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.

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Bref UI

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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.

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