Statement: Improving corporate governance: Europe’s largest companies will have to be more transparent about how they operate

On 15 April 2014, the European Commission welcomed the adoption by the European Parliament of the Directive on disclosure of non-financial and diversity information by large companies and groups.

Companies concerned will need to disclose information on policies, risks and results as regards environmental matters, social and employee-related aspects, respect for human rights, anti-corruption and bribery issues, and diversity on boards of directors.

• Primary Source

European Commission: RAPID: MEMO/14/301: Disclosure of non-financial and diversity information by large companies and groups - Frequently asked questions http://europa.eu/rapid/press-release_MEMO-14-301_en.pdf

ESO: Background information: Proposal for a Directive Of The European Parliament And Of The Council amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement and Directive 2013/34/EU as regards certain elements of the corporate governance statement http://www.europeansources.info/record/proposal-for-a-directive-of-the-european-parliament-and-of-the-council-amending-directive-2007-36-ec-as-regards-the-encouragement-of-long-term-shareholder-engagement-and-directive-2013-34-eu-as-regard/

EurActiv, 22.04.14: New EU law to help investors pick good corporate citizens http://www.euractiv.com/sections/innovation-enterprise/new-eu-law-help-investors-pick-good-corporate-citizens-301672

---