The EU Non-Financial Reporting Directive places more responsibilities on companies and provides the basis for a new model of corporate accountability.
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The EU Non-Financial Reporting Directive has introduced a new requirement for large EU companies to disclose information about policies, risks and outcomes regarding environmental, social and employee matters; respect for human rights, anti-corruption and bribery issues; and board diversity.
The objective is to lay the basis for a new model of corporate reporting that considers financial and non-financial data equally essential for the future of business and key to understanding a company’s development, performance and position, as well as the impacts of its activity on society.
The Directive comes at a time of high political, economi
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Since the collapse of Lehman Brothers and the ensuing crisis, the global financial system is safer and more robust, with stronger governance and regulation. But there remain striking differences between the structure and governance of US and European banks, which only the next crisis will truly put to the test.
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