Traduction de «Fondation d'entreprise » (Français → Anglais) :

(52) As to the possibility of acquiring control of instrumental undertakings, this would not make foundations undertakings in so far as it does not imply direct involvement in the activity of the controlled undertaking.

In addition, it cannot be ruled out that the tax advantages might eventually benefit the banks and the undertakings in which they have holdings. This could constitute State aid to these undertakings, in particular where the foundations in question are subject to the influence of the public authorities, with distortions thus being caused in the markets in which they operate,

(22) As in the case of foundations, "instrumental undertakings" cannot be considered undertakings within the meaning of Article 87(1) since they have to operate exclusively in the relevant sectors and be directly involved in pursuing the statutory object of the foundation.

· The development by the sector of a special fund, maximising resources available from the corporate sector and foundations in order to help the transnational collaboration of voluntary organisations and foundations.

The programme has two specific objectives: I. To promote, coordinate and strengthen measures to assist cooperatives, mutual societies, associations and foundations by: - strengthening the horizontal approach, in particular through conducting studies on the development of the sector in the Community, creating a favourable environment, evaluating the impact of Community policies and introducing machinery for the consultation of firms in the sector; - supporting specific measures aimed at promoting opportunities for transnational cooperation, in particular by small firms in the sector, helping groups of partners find new fields of activit ...[+++]y, improving information and disseminating innovative ideas; II. To reinforce, within the framework of other Community policies, measures to assist cooperatives, mutual societies, associations and foundations, in particular by developing Community statistics on the sector, providing training back-up and encouraging greater RD. Mr Vanni d'Archirafi stated that "Firms in this sector have a major role to play in the search for a new development model for the European economy and European society.

In addition, the continuity and consolidation of Community action will be ensured, in particular: - Towards those categories of SMEs which make a major contribution to the dynamism of the European economy but many of which are still unable to take advantage of the opportunities afforded by the completion of the internal market: This will mainly involve identifying the needs of SMEs and developing pilot schemes, including for very small enterprises and the craft sector, the distributive trades, cooperatives, mutual societies, associations and foundations, in parti ...[+++]cular as regards trans-national information and cooperation; - By promoting a better financial environment for enterprises: The main task will be to facilitate access by SMEs to sources of finance (e.g. mutual guarantees, venture capital, analysis of the feasibility of second-tier markets) and to Community financial instruments (in this connection, particular attention will be paid to monitoring developments concerning the new European Investment Fund (EIF), given its interest for SMEs); - By ensuring a fuller understanding of the situation of SMEs and of the developments they have to come to terms with, as well as assessing Community measures to assist them (continued support for the work of the European SME Observatory1 and for the work to improve statistics on enterprises).