It Includes:

• Update on the Sustainable Corporate Governance file
• France: Court orders French government to ‘repair’ carbon emissions overshoot (The Guardian)
• UK: Watchdog wants power to cap Big Four’s FTSE 350 audit clients 
• Companies call on G20 to act on climate change (Minerva Analytics)
• OECD: Ground-breaking tax deal
• Basel III Monitoring Report
• PRI Report: Investment mandates: embedding ESG factors
• EY Board Barometer Survey 
• Is it time to integrate ESG into executive compensation? (Salzburg Global Seminar)
• Why stakeholder capitalism is not enough? (Embedding Project)
• Companies with narcissistic CEOs have lower share prices but better governance (Board Agenda)
• 2021 European Corporate Governance Conference: Beyond Traditional Corporate Governance – Sustainability & Innovation

ecoDa’s NEWS

• The recording of ecoDa’s last webinar organized under the patronage of DG GROW on “Underpinning entrepreneurship and resilience: Key governance challenges for unlisted companies” is now available.
• 14th of October: ecoDa exchanges with DG GROW on the Sustainable Corporate Governance file;
• 26th of October: ecoDa’s Working on ESG meeting;
• 28th of October:
  • ecoDa, ECIIA, FERMA Joint Working Group on Sustainability Risks meeting;
  • GNDI Policy Committee meeting;
• 29th of October: ecoDa’s Policy Committee meeting.

The EU Alert is available for download here.

Beyond Traditional Corporate Governance: Sustainability & Innovation

On behalf of EY, ecoDa and the Slovenian Directors’ Association, we would like to invite you to attend this year’s virtual European Corporate Governance Conference 2021 on Tuesday 9 November 2021 (2pm-5pm CET), in partnership with ACCA, BusinessEurope and EuropeanIssuers. As an accompanying event to the Slovenian Presidency of the Council of the EU, this online Conference will bring together experts, policy-makers as well as practitioners to express their views on “ Beyond Traditional Corporate Governance – Sustainability & Innovation”. The agenda can be found here. REGISTER HERE !

It includes:

-EFRAG : Call for candidates for expert working groups to provide input for the development of draft European sustainability reporting standards
-The Platform on Sustainable Finance : Call for feedback
-EBA : The number of high earners in EU banks remained overall stable in 2019
-France : Business organisations are considering how to promote employee shareholding
-UK : Planet Mark
-Board Agenda Article: Business roundtable stakeholder statement mostly for show
-Chapter Zero : Lessons learned from Sustainability Committee Chairs

The EU Alert is available for download here.

Corporate Governance is an increasing issue for unlisted companies as they develop new sources of finance. It is also a way to gain the respect of key external stakeholders.

However, copying principles of best practice for listed companies is not a viable solution as unlisted companies have their own features and challenges.

Given the wide scope of unlisted companies, the definition and implementation of a corporate governance framework has indeed to take account the firm’s size, complexity, level of maturity and objectives regarding its own development.

With its updated Corporate Governance Guidance and Principles for Unlisted Companies in Europe, ecoDa is providing advice for the governance implementation process, leaving the companies the freedom to decide on the pace and depth.

Our webinar will get the challenges and opportunities out for discussion. Testimonies of unlisted companies will flesh out specific practices highlighting the importance of discipline and consistency.

To register CLICK HERE

It includes:

• EC: Renewed Sustainable Finance Strategy
• EC: A new anti-money laundering package 
• EP Study: Environmental Crimes: Liability of companies in the context of corporate M&A
• ESMA/EBA: Guidelines on the assessment of the suitability of members of the management body and key function holders
• IOSCO Report calls for efforts to tackle greenwashing (Minerva Analytics)
• BEUC: Reaction to the EC’s New Strategy on sustainable finance
• Report: Board Monitor 2021 (Heidrick & Struggles)
• IoD UK: Response to Government proposals for audit and CG reforms
• UK: Campaigners call for UK Due Diligence Law

It includes:

• EC: Sustainable Finance Strategy
• European Court of Auditors: EU efforts to fight money laundering are insufficient
• OECD: Corporate Governance Publications
• The Future of Corporate Governance in Capital Markets Following the COVID-19 Crisis
• Japan’s regulator urged to toughen ESG rules (Minerva Analytics)
• Response to EC Consultation on the draft Corporate Sustainability Reporting Directive
• ETUC: Calls on the EC to set a date for the Due Diligence Directive
• Report: Reflection on the future role of audit committees (Accountancy Europe, ecoDa, EY)
• Report: Integrated reporting in the European public sector (ECIIA and EUROSAI)
• Politico: Competitive Europe Summit
• UK: FCA consults on further climate-related disclosure rules
• Eurocrats burn out under ‘insane’ Green Deal workload (Politico)

 

 

It includes:

• EC Taxonomy Climate Delegated Acts
• EC Consultation on Tax Avoidance
• European Parliament calls for concrete action for SMEs
• Joint statement on sustainable corporate governance by several peer organisations 
• Shell ‘say on climate’ vote set to fuel further campaigns (BoardAgenda)
• The Value Reporting Foundation
• Minimum tax rate for multinational groups
• Vision 250: Time to transform
• Creation of the Taskforce on Nature-related Financial Disclosures
• The UK IoD/ Planet Mark

 

The EU Alert is available for download here.