Eumedion is the forum and source for corporate governance and sustainability.
In light of the ongoing informal trilogue, Eumedion pusblished an update of its position on the proposed Shareholder Engagement Directive today. In its position statement, Eumedion supports the EP proposal for mandatory country-by-country-reporting by all large companies. Such transparency will allow a more detailed analysis by investors. It will also offer shareholders the opportunity to have a dialogue with the board of the company on this topic.read more
The accounting standards that comprise IFRS can generally be regarded as leading and of unmatched quality. However, Eumedion still sees room for many significant improvements to the Standards. The International Accounting Standards Board (IASB) already highlights quite a number of those potential improvements in the agenda consultation 2015. Eumedion’s response, that was published today, specifies several other financial reporting challenges for investors that the IASB is welcome to address.read more
Eumedion expects companies to have a clear and responsible tax policy and to be transparent on this in their annual report. In addition, Eumedion sees it as a responsibility of the Board to find an appropriate balance between the benefits of reducing tax expenses and the possible related risks, including the 'social license to operate’. So says Eumedion in a today’s published position statement on corporate tax avoidance and tax transparency.read more
A disclosure only solution for leases is comparable with ordering lasagne, and instead of getting lasagne, you are supposed to be happy with the individual ingredients being served… thanks, but no thanks. Martijn Bos, Eumedion's policy advisor audit & reporting, on the ongoing discussion on lease accounting. read more
More than three years after its submission, the Dutch Senate is still in debate about the so-called Claw Back Bill. This Bill is partly inspired by an excessive acquisition bonus, received by Jan Bennink in 2007. The same Jan Bennink recently demonstrated at D.E Master Blenders 1753 that the purpose of "his Bill" could easily be circumvented. The part of the Bill to prevent excessive acquisition bonuses has thus become pure symbolic politics. According to Eumedion Managing Director Rients Abma it would be better to delete that part or strongly to tighten it (in such a way as the proposed Swiss rules under which all payments related to a successful takeover, merger or acquisition to executives will be prohibited). Ineffective legislation will only lead to more social unrest. read more
Eumedion Conference 2015
On 18 November 2015, Eumedion will hold its annual conference 'The Netherlands as a country of incorporation: attractive for investors ánd companies' in Utrecht (startiing at 1pm). Speakers are, amongs others, Hans de Boer (Chairman Dutch employers' federation VNO-NCW), Dan Summerfield (Co Head Responsible Investment USS Investment Management) and Robert Jan van de Kraats (CFO Randstad Holding). To register: send an e-mail to firstname.lastname@example.org.