Eighteen years ago, over a period of three years a phalanx of equity investors, strong lawyers, trade ministers, finance advisors and technology pioneers, came together as a European Economic Interest Grouping (EEIG) , to work together to protect and promote organisations that have just been through the complexity of a merger or major acquisition. They were backed by financiers and two corporate investors from Hungary, as a Európai Gazdasági Egyesülés (EGE) and Malta as the Gruppo Europeo di Interesse Economico (GEIE), thus forming the European Consolidation Board for Foreign Industry (ECBFI). This included The European Consolidation Board, to indulge in helping organisations to bridge internationally across Europe and where necessary inject development capital. The ECBFI is part of the overall collective body involved only in trade and development. The ECBFI collectively helped in dealing with foreign law and the diverse cultures to be able to do pan European business well.
As general partners the ECBFI invest in the business, take part in running it and facilitate or develop the economic activities of its members by a pooling of resources, activities or skills. Each general partner is fully liable for any debts that the partnership may have.
The board's activities are determined by the powers, duties, and responsibilities delegated to it or conferred on it by an authority outside itself. These matters are typically detailed in the organisation's bylaws. The bylaws commonly also specify the number of members of the board, how they are to be chosen, and when they are to meet.The objective is to put the small pieces together to show the big picture.
Typical duties of The European Consolidation Board include
The legal responsibilities of boards and board members vary with the nature of the organization that have appointed the ECBFI, and with the jurisdiction within which it operates.
For more information on the ECBFI please look at the About page.
The ECBFI goes beyond just business and supporting its objectives. The Board are very active in supporting most European Charities as well as multi national charities, like NSPCC, CRY, WWF, RSPCA, Cancer Research, Madam Curie and Oxfam. The ECBFI work with this charities and the ultimate aim of the charity to be able to provide the best possible service to those who benefit from its work. One way of achieving this is by working with others. Exploring opportunities for collaborative working and mergers is part and parcel of trusteeship in today's climate. Collaborative working can start from very simple informal ideas, such as borrowing or lending resources. At the other end of the spectrum are more integrated arrangements that, depending on the size and complexity of the charities involved, may require professional advice. These arrangements can relate to any aspect of a charity's activities including administration, fundraising, campaigning and service delivery and can result in cost savings and better services for those the charity seeks to help. In some cases, charities may merge, that is come together to form one organisation. This involves formal procedures and usually require professional advice.
Note: National and cross-border mergers directives from our European Journal Submissions.
Today’s volatile business environment, and the increasing complexity and proliferation of high-impact technologies such as analytics, cloud computing, software-as-a-service and mobility, pose tough challenges to management teams. To address them, companies in all industries and geographies are focusing more attention and resources on business process management (BPM). The ECBFI has a focus to work at reducing complexities for companies that have been through a merger.
For full details contact your ECBFI Representative.