New reporting rules require certain large EU companies to include in their management report a non-financial statement. These companies need to begin gathering and auditing information in order to be prepared to publish the required information within good time after the end of the 2017 financial year. Frank Bold recently published a short guide on the Non Financial Reporting Directive that identifies who will be affected and explains how to comply with the new reporting requirements.
The objective of the Directive is to lay the foundation for a new model of corporate reporting that complements financial transparency with environmental and social information necessary to understand a company’s development, performance and position, as well as the impacts of its activities on society. The briefing also explores the implications of the Directive for organisations generally.
If properly implemented, the Directive will help to promote transparency and a stronger corporate governance framework that enables boards to better anticipate challenges and opportunities associated with their company’s business model. Improved and integrated disclosure of both financial and non-financial information leads to better understanding of the role of societal and environmental sustainability for delivering on the twin objectives of creation of real value for customers and wealth for shareholders.
This briefing is for general information only and is not intended to provide legal advice. For further information on the matters outlined in this briefing, please contact Paige Morrow or your usual Frank Bold contact.
Czech Supreme Administrative Court ruled today in favour better protection of human health from air pollution in Brno, a Czech city with 370 thousand inhabitants. The Court revoked the city's Air Quality Management Plan, issued in 2016 by the Czech Ministry of Environment. The reasoning of the ruling has not been made public yet, but the main argument against the plan was that it was not effective enough and would not lead to a swift achievement of the binding air quality standards. A similar ruling was issued in December 2017 with respect to Ostrava and in February 2018 regarding Prague and Usti region.
Czech Supreme Administrative Court ruled yesterday in favour better protection of human health from air pollution in Usti region on the northern border of the Czech Republic. The Court partially revoked the region's Air Quality Management Plan, issued in 2016 by the Czech Ministry of Environment.
Prague Municipal Court ruled today in favour better protection of human health from air pollution in the capital of the Czech Republic. The Court revoked most of Prague's Air Quality Management Plan, issued in 2016 by the Czech Ministry of Environment.
