Categoria: International update

27/11/2017 

ecoDa EU Alert – Week 47

It includes:

1) European Commission: Action Plan on Gender Pay Gap

2) Audit Reform: New developments

3) EC Action plan on Sustainable Finances

4) ESMA: Q&A Document on Market Abuse Regulation

5) UK/Brexit: Withdrawal of the United Kingdom and EU rules on company law

6) UK/Brexit: Paris will host the European Banking Authority (EBA)

7) EC/EuropeanIssuers/FESE Mid-Cap Awards: Winners announced

8) ecoDa News

16/11/2017 
ecoDa Week Alert 44 – 45

They include:

1) Accountancy Europe: Insolvency Directive &Duties of Directors

2) European Commission: Public consultation on Digital Taxation

3) ESMA: Priorities for 2017 financial statements

4) European Commission: Horizon 2020 Work Programme – Digitalisation

5) ECOFIN November meetings (Fiscal paradises)

6) FRC (UK): A consultation to strengthen international audit standard setting

7) ecoDa News

05/11/2017 

1) European Commission: An upcoming consultation on sustainability and investors’ duties

2) European Commission: Follow-up of the Shareholders’ Rights Directive

3) European Commission work programme 2018

4) European Parliament: Whistle-blowing

5) European Council: Digitalisation

6) ecoDa/EBF Conference: Boards’ efficiency and fit proper rules in financial organizations

7) Institute of Business Ethics: Responsible Financial Reporting: doing the right thing

8) ecoDa News

18/12/2016 

Gli sviluppi più recenti del processo legislativo sulle proposte di modifica alla c.d. Shareholders’ Rights Directive (Direttiva 2007/36/CE) in una Press Release e un articolo pubblicati da ecoDa.

L’ultimo compromesso discusso dal Consiglio UE è consultabile al link: https://data.consilium.europa.eu/doc/document/ST-15248-2016-INIT/en/pdf

26/11/2016 

The Handbook for the IR and Integrated Thinking Change Journey has just been published by an ad hoc multistakeholder Working Group of the Italian Network for Business Reporting (NIBR),  coordinated by Livia Piermattei.

In his Foreword to the Handbook, Neil Stevenson of the International Integrated Reporting Council (IIRC) “welcomes the publication because it rightly emphasizes the benefits of Integrated Thinking within IR, and appreciates the practical approach and insights it offers, while describing Integrated Thinking as integral to the concept of Integrated Reporting.

IIRC also describes the benefits of introducing Integrated Thinking: “a shared understanding of strategy and how value is created throughout the business, with fewer silos, more cohesive management information and informed decision making, enhancing accountability and performance”.

Many publications already describe the importance of “IR-Integrated Reporting”. This one was set up in order to make Integrated Thinking concrete and “usable”, through a simplified, clear and concise Handbook.

The Change Journey of Integrated Reporting (IR) consists of 5 stages. Four of these are related to Integrated Thinking. They are strongly linked and dynamically complementary, and they are influenced by and influence the fifth, that of Integrated Report. The four other stages of the Change Journey are: Identifying its Issues and the Stakeholders, Recognizing its Leaders, Detecting its KPIs and the Change Dashboard, and Setting up the Change Action Plan. The IR can be either the starting or the arrival point of the Change Journey.

The Handbook focuses on two areas of change, specifically for listed companies, i.e. that of the Board Governance (strategy, process and culture) on the one side, and that of the organization infrastructure (strategy, organization, culture, processes), on the other.

The NIBR Working Group, with the support of IIRC, researched and networked at a global level with different entities having initiatives on integrated thinking and governance, such as SAICA in South Africa, IFAC (the International Federation of Accountants), the Confederation of Indian Industries, Nedcommunity (the Association of Italian Non Executive and Independent Directors). It also collected the “lessons learnt” by organizations such as Auchan, DeACApital, Dellas, Generali Group, Guna, SAP, Unicredit Group.

Author of the Handbook is an ad hoc multistakeholder NIBR Working Group, whose member organizations were listed and non-listed companies, consultants, asset management companies and associations that contributed by donating the working time of the group members and, in some cases, supporting also editorial and publishing costs.

NIBR-the Italian Network on Business Reporting (www.nibr.it), whose Secretary General is Prof. Dr. Stefano Zambon (IIRC Council member), is the Italian Association representing the WICI – World Intellectual Capital/Assets Initiative – Global Network (www.wici-global.com).

Livia Piermattei, is Managing Partner of Methodos, the Change Management Company.

19/09/2016 

ecoDa Week Alert N. 29

It includes:

1. Briefing – Publishing Corporate tax information: Country-by-country reporting for multinational enterprise groups
2. Corporate culture and the role of boards. A report published by The Financial Reporting Council
3. EU Presidency
4. Conference on Sustainable Companies Summit – Brussels, September 28th 2016
5. Roundtable on the key long term trends affecting boards
6. ecoDa’s News