Naslov
Regulation of non-financial reporting – corporate governance new developments or old requirements

Autori
Horak, Hana ; Dumančić, Kosjenka

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), ostalo

Izvornik
Zbornik radova s međunarodne znanstvene konferencije 7th International Scientific Conference Economic and Social Development, Varaždin Development and Enterpreneurs Agency, New York, 2014 / - Varaždin : VADEA, 2014, 596-602

ISBN
978-953-6125-12-8

Skup
7th International Scientific Conference Economic and Social Development

Mjesto i datum
Sjedinjene Američke Države, 24.10.2014

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Company law, EU, Non-financial Reporting

Sažetak
The principle of transparency has been recognized as one of the main instrument of European company law while building an integrated capital market. Its importance is recognized by its application, which includes both financial and non-financial information about the company whose securities are traded on the Regulated Market. The affirmation of the principle of transparency contributes to build investors confidence in the capital market and ultimately affect all other stakeholders. There is a need to establish a balance between the protection of investors, on one hand, and the protection of confidentiality of information, on the other hand. The practice of European Court of Justice also follows this direction. Beside financial information, companies have also interest to voluntarily disclose certain non-financial information, particularly if it is designed as part of a package to improve their credibility and acceptance in key markets or if it enables them to undertake business more successfully. Within the EU, company reporting is covered by the 4th and 7th Company Law Directives. These Directives provide a set of minimum disclosures, supplemented in each Member State by national requirements. Authors in the paper will analyze requirements and newest trends regarding non-financial reporting within European company law. European Commission launched proposal for Directive on disclosure of non-financial and diversity information in April 2013. This proposal led to the ratification of the Directive on non- financial reporting by the European Parliament in April 2014 which final adoption is expected before September 2014.

Izvorni jezik
Engleski

Znanstvena područja
Pravo

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