Corporate Social Responsibility (IVOR nr. 77) 2010/2.10.3:2.10.3 Transparency

Corporate Social Responsibility (IVOR nr. 77) 2010/2.10.3

2.10.3 Transparency

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

Pursuant to the Modernisation Directive (see section 2.6.1.2) article 2:391 paragraph 1 DCC (annual report) was amended. By virtue of this new provision companies now have to include non-financial information, such as environmental and employee matters in their annual reports. Sustainability reporting is further stimulated by Guideline 400, the GRI, NGOs and investors willing to invest in sustainable companies.

Article 2:391, paragraph 5 DCC was introduced for the purpose of improving corporate governance. It refers to a governmental decree that obliges listed companies to include information on their corporate governance structure on a comply or explain' basis. The proposal for the Corporate Governance Amendment Directive (see section 2.6.2.2.) contains a similar obligation.

The requirement of transparency is conducive to assuming accountability for a company's corporate conduct and policy vis-à-vis shareholders and other interested parties. Interested parties may call the company to account for its policy and conduct. Communication between companies and interested parties has resulted in greater mutual understanding of the issues at stake and allows for a timely adjustment of company policy.

Deze functie is alleen te gebruiken als je bent ingelogd.