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more eu (non?) transparency issues November 19, 2013

Posted by Bradley in : disclosure, governance , trackback

Euractiv shows that it isn’t just with respect to conflict minerals that the EU is having difficulty in trying to enhance transparency. The Commission’s proposals in early 2013 (but foreshadowed in 2011) to increase disclosure with respect to social and environmental matters met some organized opposition. The European Council touched on the issue in May in the context of addressing tax evasion (measures on this may be more likely):

The proposal amending the Directives on disclosure of non-financial and diversity information by large companies and groups will be examined notably with a view to ensuring country-by-country reporting by large companies and groups

Here’s what the Euractiv article says about this:

“It is strange that they have pulled back on what leaders agreed so recently,” said another source on condition of anonymity. “There is some suggestion that it was very late at night [at the summit] when the leaders made their pledge, and not all of them understood what they were agreeing to!” the source continued.

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