Knowledge Network
Eumedion is the forum and source for corporate governance and sustainability.
News
21-02-2012
Eumedion supports ESMA's call for more clarity in concept of 'materiality'
Eumedion highly appreciates the European Securities and Markets Authority (ESMA) for publicly raising its concerns on the lack of a consistent view on materiality by preparers, auditors, users and in some cases accounting enforcers, as Eumedion wonders which body would have otherwise raised these concerns. Eumedion sees the inconsistent views as a potential threat to the quality of the financial statements of listed companies and harmful for investor interests and confidence. However, Eumedion questions whether a securities regulator should issue guidance regarding the concept of materiality. Eumedion thinks that the an international organisation like the International Federation of Accountants (IFAC) would be better equipped. This the core of Eumedion's response to ESMA's consultation paper 'Considerations of materiality in financial reporting'.
read more10-02-2012
Eumedion in favour of adjusting prudential assessment criteria for bank takeovers to address concerns about financial stability
Eumedion is in strong favour of adding an additional prudentional assessment criterion for bank takeovers to address concerns about the consequences of a bank takeover for the financial stability. This is one of the elements of Eumedion's reaction to the European Commission's consultation paper on acquisitions and holdings in the European financial sector.
read more02-02-2012
Eumedion supports new BIS principles on the internal audit function in banks
Eumedion supports the Basel Committee's initiative to revise the supervisory guidance for assessing the effectiveness of the internal audit function in banks. This is the core of Eumedion's reaction on the Basel Committee's consultative paper 'The internal audit function in banks'.
read moreBlog
12-12-11
It's time for alignment of ESG agendas
The path towards integrating environmental, social and governance (ESG) aspects in the agenda of institutional investors and companies seems to be complex and confusing. We believe the main reason for this is that, so far, institutional investors and companies alike are struggling to accept ESG as a driver for long-term value creation. Many still seem to regard ESG as a moral obligation; resulting in box ticking, not in higher quality investments. In many countries, including the Netherlands, focus on ESG is considered to be an integral part of business, as well as a responsibility for investors. It is included in several corporate governance codes and investor codes, such as the UK’s Stewardship Code. In the Netherlands Eumedion, the representative of institutional investors, has issued best practices on engaged shareholdership, stipulating for example for ESG to be integrated into engagement with listed companies. It’s time pension funds and other institutional investors calibrate their compass.read more
26-09-11
Corporate citizenship in a civil economy
Many companies around the world have discovered they can benefit financially from integrating environmental, social and governance (ESG) targets in their daily operations and strategy. At the same time institutional investors are more aware of their role as responsible shareholders after the devastation left by the credit crisis. read more
Agenda
21-02-2012
Meeting Investment committee
Eumedion's Investment committee is responsible for the logistics and the practical affairs during the season of shareholder meetings. In 2012 Eumedion's participants plan to visit more than 30 annual shareholder meetings. This season's planning will be discussed in this first meeting of 2012. More information: info@eumedion.nl
21-03-2012
ICGN-UNPRI ESG Integration Programme in London
Course to help market participants more effectively use and integrate environmental, social and governance information into investment decision-making. Click here for more information and participation.