European Economic and Social Committee 14 May 2003, Opinion of the European Economic and Social Committee on the "Proposal for a Council Decision on guidelines for the Employment Policies of the Member States" (COM(2003) 176 final — 2003/0068 (CNS))

C 208/58 EN 3.9.2003 Official Journal of the European Union 2.8. Article 13 2.8.1. To be able to present a well-founded bid as well as an opinion on a bid it is necessary for the boards of both the offeror and the offeree companies to consult with their employees. Such consultations are necessary not only before the initial proposals are presented but also during the whole process of a takeover.