The European Board Diploma 2024 – Fall Session

Gentili Associati,

vi segnaliamo il programma di formazione “The European Board Diploma” organizzato da ecoDa, insieme ad alcuni partners tra cui Nedcommunity e Chapter Zero Italy – the Nedcommunity Climate Forum, che inizierà il 14 novembre 2024.
Il corso consta di 4 appuntamenti, 3 obbligatori (14,15 e 21 novembre) e 1 opzionale (consulta la brochure).

Tra la faculty è presente anche una dei nostri Associati, Sabrina Bruno.

In allegato troverete tutta la documentazione relativa al corso.

ecoDa – EU Alert 36, 2024

It includes:

EUROPEAN INSTITUTION DEVELOPMENTS
Council adoption of the Listing Act
Confirmation hearings for European Commission candidates

INTERNATIONAL  DEVELOPMENTS
-Climate finance: Council approves conclusions ahead of COP29
-Summit of the Future: Focusing on inter-generational responsibility in UN action

EUROPEAN  DEVELOPMENTS
-ESMA : Improving financial reporting for issuers engaging in carbon allowance programs
-Spain proposes “competitiveness lab” to enable embryonic group of EU countries to test financial integration initiatives

NATIONAL DEVELOPMENTS
-High Audit Authority (H2A) publishes guidelines for the certification of sustainability and taxonomy information
-Canada to Launch Sustainable Investment Taxonomy

ARTICLES/PUBLICATIONS
The US is dominating AI for Q3 – CB Insights Report

EVENTS
EFRAG Conference “Advancing Transparency & Competitiveness in Challenging Times

ecoDa News

  • 7th October: European Diploma Online Day
  • 11th October: Advocacy Committee Meeting
  • 18th, 23rd and 25th October: European Board Diploma modules
  • 22nd October: GNDI Policy Committee Meeting

The EU Alert is available for download here.

ecoDa – Role of the Board

Com’è strutturata la corporate governance nei Paesi europei? E qual è il ruolo del CdA nelle diverse legislazioni nazionali?

EcoDa – della quale Nedcommunity è membro per l’Italia – ha pubblicato un video di due minuti che spiega lo scopo, la funzione e le modalità operative di un Consiglio di amministrazione nei diversi Paesi europeo.

Il messaggio è chiaro: manca ancora una normativa uniforme e coerente per garantire la buona Governance societaria all’interno dell’Unione europea.
Un’ottima sintesi da guardare!

ecoDa – EU Alert 23 – 2024

It includes:

EUROPEAN INSTITUTION  DEVELOPMENTS
European Parliament: Results and Next Steps

EUROPEAN  DEVELOPMENTS
No time for stagnation, Europe needs capital investment now
New Corporate Sustainability Reporting Directive (CSRD) assessment capability

NATIONAL DEVELOPMENTS
IoD launches public consultation on a Code of Conduct for Directors
UK: Shein sparks controversy over possible London listing
UK executive pay: FTSE 350 revolts fall
Japan passes securities rule amendments in a new dawn for shareholder engagement
France: delay in submitting national energy and climate plan to Brussels

ARTICLES/PUBLICATIONS
Board of directors effect on environmental, social and governance performance in publicly traded non-financial firms

ecoDa News

  • 17 June: WG on Board self-evaluation
  • 19 June: Audition of Anne-Hélène Monsellato and Béatrice Richez-Baum by the CEAOB in Paris
  • 20 June: Board Meeting

The EU Alert is available for download here.

ecoDa – EU Alert 15 – 2024

It includes:
EUROPEAN INSTITUTIONS DEVELOPMENTS
European Commission: a clean transition dialogue
European Parliament votes in favour of strengthening the application of the GDPR

EUROPEAN DEVELOPMENTS
Business Europe asking for a decrease of the regulatory burden 30 propositions for a Europe that undertakes
Landmark ruling on governments climate inaction
EFRAG calls for companies to contribute to guidance of transition planning
Study on the Effectiveness and Efficiency of the EU Framework on Corporate Governance

NATIONAL DEVELOPMENTS
UK: Pension funds savers value votes against directors
US: Proxy expectations for 2024

PUBLICATION/ARTICLE
Digital guide of companies’ ESG reporting
Artificial intelligence: an engagement guide for boards

EVENTS
Full recording of the Webinar on How can company boards lead the sustainability transition

ecoDa News

  • 7th April: Intervention of Leena Linaainmaa ((ecoDa Advocacy Committee Chair) in the Podcast “The Sustainability Story”, discussing due diligence and supply chain in the EU
  • 12th April, 19th April and 25th April: Extra modules of the EBD
  • 28 May: Member forum in Brussels: Try to mobilize your team to join us!

The EU Alert is available for download here.

ecoDa – EU Alert 11 – 2024

It includes

EUROPEAN INSTITUTIONS DEVELOPMENTS
CS3D Update
EC: asking CEAOB to adopt non-binding assurance guidelines
EP: Adoption of the AI Act
EP: new reporting requirements decrease the burden on the finance and investment field

INTERNATIONAL DEVELOPMENTS
Climate transition: a regional approach might be the only solution

NATIONAL DEVELOPMENTS
UK: publication of a policy roadmap to the next UK government

PUBLICATION/ARTICLE
What do Board Members need to think about to avoid being sued by the Climate Movement?
Should you become a non-executive director? 
How can boards convert sustainability from a wish to a winning reality? 

EVENTS
How can company boards lead the sustainability transition? An event by Accountancy Europe, ecoDa, ECIIA and Chapter Zero

ecoDa News

  • Mention of ecoDa’s barometer on gender diversity in governing bodies in Europe in European Files, Board Room Global and Ethics & Board.
  • Upcoming intervention of Leena Linaainmaa (ecoDa Advocacy Committee Chair) in the Podcast “The Sustainability Story” to discuss due diligence and supply chain in the EU (26th May)
  • 18th, 19th and 26th: ecoDa European Board Diploma (core basis)
  • 19th March: ecoDa Education Committee
  • 20th March: European Corporate Governance Conference 2024
  • 21st March: ecoDa Board Meeting (including board evaluation, validation of annual report, consideration of 3rd edition of the EBD, …)
  • Team update: Thanos Xynogalas becomes policy intern.

The EU Alert is available for download here.

ecoDa EU Alert 06 – 2024

It includes:

EUROPEAN INSTITUTIONS DEVELOPMENTS
Council: Vote on the Corporate Sustainability Due Diligence Directive
EP and Council: Deal on delayed reporting standards for some countries
EP and Council: ESG ratings concluded
Council and EP: Political agreement on the Listing Act
EC: Recommendations for 2040 emissions reduction target and 2050 climate neutrality

INTERNATIONAL DEVELOPMENTS
IFRS Webcast: Overview of the forthcoming IFRS 18

EUROPEAN DEVELOPMENTS
EFRAG Releases First Set of 12 Explanations on ESRS Q&A Platform

NATIONAL DEVELOPMENTS
Germany: companies and networks call for support to the CS3D but no aligned opinion in the business community
UK: Governance questions for the Post Office Horizon Inquiry
France: Female board quotas have improved employment practices

PUBLICATION/ARTICLE
CEO narcissism and earnings management
Study on barriers to sustainable development

EVENTS
Mc Kinsey: Helping boards navigate geopolitical risks – 27 February, 5-6 pm

ecoDa News

  • ecoDa’s and WTWs report on 2023 Non-Executive Director Remuneration in Europe was mentioned as top news in the Board Agenda magazine, as well as in the GNDI January newsletter
  • ecoDa Manifesto release – at the beginning of next week
  • ecoDa Board evaluation – a questionnaire to be launched next Monday
  • 14th of February 2024: GNDI Policy Committee meeting
  • 19th of February 2024: ecoDa Advisory Committee meeting – The CG Dialogue
  • REMINDER: The European Board Diploma spring session will take place on 18th, 19th, and 26th of March (central base) and 12th, 19th, and 25th of April (for the optional module(s) to be chosen). Find your programme, and register with us!

The EU Alert is available for download here.

ecoDa – Press release: ecoDa’s position on board evaluation

ecoDa position statement on board evaluation – Board evaluation facilitators must be independent

ecoDa recommends that Corporate Governance Codes ensure the independence of board evaluation services in order to avoid potential conflict of interests. Good governance practices should include a cooling-off period for headhunters and rotation of commercial board evaluation services.

Corporate Governance codes are often silent on any possible risk of conflicts of interests when board evaluation is conducted by an external consultant.

“For reasons of independence, one should be cautious when a commercial consulting firm provides other consultancy services at the same time as the board evaluation takes place. Or when the same consulting firm is consistently selected to provide the evaluation of the board over a longer period”, underlined Rytis Ambrazevicius, Chair of ecoDa.

ecoDa is calling for:

  • A declaration of significant risks of conflict of interests by the facilitators;
  • A disclosure of whether the facilitator subscribes to a code of ethics or not;
  • A cooling-off period after terminating a headhunting contract;
  • An assessment by the appropriate Board Committee of the qualifications of the facilitator;
  • A policy for pre-approval of any additional board services;
  • A rotation (inspired by what applies to statutory auditors) for all commercial board evaluation services.

“A credible and professional board evaluation is key when looking for board performance to develop and excel”, concluded Béatrice Richez-Baum, Director General, ecoDa.

Read the full press release here.
Find ecoDa’s opinion paper via the button below.

Non-Executive Director Remuneration in Europe – Research Report

Responsabilità maggiori, ma compensi inferiori.
E’ questa una delle principiali evidenze emerse dall’indagine condotta da EcoDa, la Confederazione Europea delle associazioni dei consiglieri di amministrazione (di cui Nedcommunity è membro per l’Italia) e WTW su 185 aziende in quindici paesi europei sul ruolo e le remunerazioni dei consiglieri indipendenti.


Oltre a una presentazione della situazione attuale, lo studio offre spunti di riflessione che le aziende possono prendere in considerazione in base alle specificità del proprio mercato nazionale (ad esempio un diverso equilibrio tra compenso annuale e compensi dei comitati).  Le conclusioni dell’indagine invitano i CdA  a condurre una revisione dettagliata dell’impegno in termini di tempo, carico di lavoro e compensi spettanti agli amministratori, per garantire che vi sia un adeguato equilibrio tra i diversi membri.

A questo link la ricerca  : https://ecoda.eu/2023-non-executive-director-remuneration-in-europe-research-report/

ecoDa EU Alert 01 – 2024

It includes:

EUROPEAN INSTITUTIONS DEVELOPMENTS
EC: Sustainable finance: Guidance to help financial undertakings
EC: Sustainability reporting podcast
Council: Agreed negotiation mandate on ESG ratings
ESMA: Consultation on a set of draft Guidelines on Enforcement of Sustainability Information

EUROPEAN DEVELOPMENTS
EFRAG: Publication of the first three draft ESRS guiding documents

NATIONAL DEVELOPMENTS
France: Transposition of the CSRD as the first EU member state
Germany: One year of Supply Chain Due Diligence Act
Luxembourg: The end of Luxembourg VAT on director’s fees

PUBLICATION/ARTICLE
Leadership, decision-making & the role of technology: Business Survey 2024
FERMA: The Roadmap to strategic risk management

ecoDa News

  • 8th of January 2024: ecoDa Taskforce Manifesto meeting
  • 9th of January 2024: ecoDa Working Group on SOEs meeting
  • 10th of January 2024: ecoDa meeting on the Ethics & Boards barometer
  • 10th of January 2024: ecoDa and ISAlliance Workshop on Cybersecurity
  • 11th of January 2024: ecoDa meeting on ESRS guidance
  • 12th of January 2024: ecoDa European Board Diploma: Ceremony
  • 16th of January 2024: ecoDa and WTW webinar on director’s remuneration – register here!

The EU Alert is available for download here.