Knowledge Network

Eumedion is the forum and source for corporate governance and sustainability.

News

09-04-2014

European Commission boosts shareholder engagement

Eumedion welcomes the proposals to reform the Shareholder Rights Directive, which the European Commission launched earlier today. The proposals further encourage long term engagement of shareholders with listed companies. Shareholders are granted important additional rights that enable them to further improve their performance as responsible and engaged shareowners, while listed companies benefit from more involved and better known shareholders.

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20-01-2014

Eumedion pleas for less accounting choices

International Financial Reporting Standards (IFRS) should not contain accounting choices as accounting choices negatively affect comparability of financial statements. In its reaction to the Discussion Paper 'A review of the Conceptual Framework for Financial Reporting, Eumedion writes the International Accounting Standards Board (IASB) that accounting choices result in uncertainty for investors and potentially allow for 'window dressing'.

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17-01-2014

Pension trustees should take ESG factors into account

Pension trustees should be encouraged to take account of environmental, social and governance (ESG) factors in making investment decisions. One method to achieve this is requiring pension trustees to consider in their investment policies not only financial but also ESG aspects of investee companies' performance and report annually on how they have taken these factors into account. This is one of the key messages of Eumedion's response to the UK Law Commission consultation on fiduciary duties of investment intermediaries.

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Blog

13-11-13

Bring them on!; Public support from investors mounts for bringing leases on-balance

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

30-10-13

Dutch Change of Control Gain Capping Rule Ineffective

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

Agenda

13-02-2014

Seminar 'Corporate Boards in Practice'

On Thursday 13 February 2014 a seminar will be held on the occasion of the publication of the book 'Corporate Boards in Law and Practice: A Comparative Analysis in Europe'. Eumedion Managing Director Rients Abma will hold a short presentation about his experiences with one-tier and two-tier boards in practice. Other speakers are a.o. Kees Storm, Jos Streppel, Arthur van der Poel and Sven Dumoulin. The seminar starts at 3pm and will be held at the Clifford Chance premises in Amsterdam. For more information: M.Koopman@jur.ru.nl.