Eumedion is the forum and source for corporate governance and sustainability.
The introduction in Europe of the financial reporting framework ‘IFRS’ has been very beneficial for investors. IFRS is the leading framework for financial reporting in the world, not only by the quality of the issued standards but also by the transparency in the standard setting process and the focus on providing relevant information for investors. This is Eumedion's key message in its reaction sent today on the European Commission's consultation on the effects of using IFRS in the European Union.read more
Integrated reporting and a more informative and effective 'in control statement' and internal audit function are the main themes Eumedion participants will focus on during their dialogues with Dutch listed companies in the run up to the reporting and proxy season 2015. The themes are incorporated in the so-called Eumedion Focus Letter 2015 that was sent to the Dutch listed companies today.read more
The European Commission plays a key role in supporting and promoting corporate social responsibility (CSR). In addition to formulating a CSR policy, the Commission has recently developed regulations that promote transparency about the impact of the company's activities on the environment and society. It is of great importance that a level playing field is guaranteed. This is the essence of Eumedion’s response to a consultation on the current and future CSR policy of the European Commission.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
Transparency International event on banking transparency
On 6 November 2014, Transparency International will host an event in Brussels on the upcoming country-by-country information obligation for banks. Eumedion's sustainability policy advisor, Daan Spaargaren, will participate in a panel discussion on "how" to implement the country-by-country reporting obligation. Click here for more information on the event.