This short video explains everything you may have ever wanted to know about the Reconstruction of the State, but were afraid to ask.
The Czech Republic suffers from some of the worst corruption in the world. In order to fight it dozens of activists and experts got together to push for nine anticorruption bills aimed at increasing transparency while stopping conflicts of interest and misuse of public funds. The centerpiece of their efforts? A public pledge to support the anticorruption measures, which they put before every member of parliament.
At first, progress was painfully slow. But during snap elections in 2013, hundreds of volunteers took our cause directly to the candidates. Ultimately, 165 out of 200 members of parliament promised to support the reforms.
But the initial victory was short-lived. Eventually, parliament passed only one of the nine bills. The rest succumbed to an onslaught of excuses, delays, lobbyists, and political infighting. As the tide turned against reform, members of parliament started to demonize the pledge itself, calling us blackmailers, extremists, and radicals. The media eventually moved on to other issues.
Despite all these obstacles, we managed to get five of the proposed reforms passed by working with a small group of politicians across the party lines who actively advocated for the bills. Our initiative also inspired other coalitions to lead similar campaigns both at home and in neighboring countries. It’s a step in the right direction for a country that desperately needs to change the way it does business.
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.
On September 28, Frank Bold will hold the Creating Sustainable Companies Summit gathering leading thinkers, businesses, policymakers and civil society in Brussels to chart the way to the next generation of corporations and future of corporate governance.
The Brussels office of the public interest law firm Frank Bold is currently recruiting a Legal Research Intern to start immediately full-time, for a period of two months, with the possibility of a four-month extension.
