www.newsmedianews.com
--- NewsMediaNews ---
NEWS


Use Advanced Search

Login

         
Apply to report     registration help


+ Larger Font | + Smaller Font

PUBLISH
Make my home page

VIEW BY CATEGORY


News Resources
Countries

  Afghanistan
  Africa
  Albania
  Algeria
  Andorra
  Angola
  Anguilla
  Antigua
  Argentina
  Armenia
  Aruba
  Asia
  Australia
  Austria
  Azerbaijan
  Bahamas
  Bahrain
  Balkans
  Bangladesh
  Barbados
  Belarus
  Belgium
  Belize
  Benin
  Bermuda
  Bhutan
  Bosnia
  Bolivia
  Botswana
  Brazil
  Brunei
  Bulgaria
  Burkina
  Burma
  Burundi
  Cambodia
  Cameroon
  Canada
  Cape Verde
  Caribbean
  Cayman Islands
  Cen African Rep
  Chad
  Chile
  China
  Christmas Island
  Columbia
  Comoros
  Congo
  Cook Island
  Costa Rica
  Croatia
  Cuba
  Cyprus
  Czech/Slovakia
  Denmark
  Djibouti
  Dominican Republic
  Dubai
  East Timor
  Ecuador
  Egypt
  El Salvador
  Equatorial Guinea
  Eritrea
  Estonia
  Ethiopia
  Europe
  Faroe Islands
  Fiji
  Finland
  France
  Gabon
  Gambia
  Georgia
  Germany
  Ghana
  Greece
  Greenland
  Grenada
  Guadeloupe
  Guam
  Guatemala
  Guinea
  Guyana
  Haiti
  Holland
  Honduras
  Hong Kong
  Hungary
  Iceland
  India
  Indonesia
  Iran
  Iraq
  Ireland
  Israel
  Italy
  Ivory Coast
  Jamaica
  Japan
  Jordan
  Kazakhstan
  Kenya
  Kiribati
  Korea
  Kuwait
  Kyrgyzstan
  Laos
  Latvia
  Lebanon
  Lesotho
  Liberia
  Libya
  Lietchtenstein
  Lithuania
  London
  Luxembourg
  Macau
  Macedonia
  Madagascar
  Malawi
  Malaysia
  Maldives
  Mali
  Malta
  Marshall Islands
  Martinique
  Mauritania
  Mauritius
  Mexico
  Micronesia
  Moldova
  Monaco
  Mongolia
  Montenegro
  Montserrat
  Morocco
  Mozambique
  Namibia
  Nauru
  New Zealand
  Nicaragua
  Niue
  Niger
  Nigeria
  Northern Ireland
  Norway
  Oman
  Pakistan
  Palau
  Palestine
  Panama
  Paraguay
  Peru
  Philippines
  Pitcairn Islands
  Poland
  Portugal
  Qatar
  Romania
  Russia
  Rwanda
  Samoa
  San Marino
  Sao Tomé
  Saudi Arabia
  Scandinavia
  Senegal
  Serbia
  Seychelles
  Sierra Leone
  Singapore
  Slovakia
  Slovenia
  Solomon Islands
  Somalia
  South Africa
  South Americas
  Spain
  Sri Lanka
  St Kitts
  St Lucia
  St Pierre
  St Vincent
  Sudan
  Suriname
  Swaziliand
  Sweden
  Switzerland
  Syria
  Taiwan
  Tajikistan
  Tanzania
  Thailand
  Tibet
  Togo
  Tonga
  Trinidad
  Tunisia
  Turkey
  Turkmenistan
  Turks & Caicos
  Tuvalu
  Uganda
  Ukraine
  United Kingdom
  United States
  Uruguay
  Uzbekistan
  Vanuatu
  Venezuela
  Vietnam
  Virgin Islands
  Walli & Futuna
  Yemen
  Zambia
  Zimbabwe
  World

Suggest new Category




Click here to buy sell on eBay!

 

 

 

The Truth website

 


Click to go to this page



A Quote in Time

See full quotes list


 

Latest newsmedianews articles
This page shows all direct input items filed for the current month                    Search Direct Input items              Archives



EU regulations requiring non-financial reporting for large companies take effect       printable version
21 Aug 2017: posted by the editor - Business, Ireland

New EU regulations introducing new non-financial reporting requirements for some of Ireland’s largest companies take effect from today, Monday 21 August 2017.

Under the European Union (Disclosure of non-financial and diversity Information by certain large undertakings and groups) Regulations 2017, large companies will be required to publish non-financial information about their company policies. The regulations apply to financial years beginning on or after August 1st, 2017, so the first of these disclosures are likely to become available from the second half of 2018.

The information published will be on a range of topics, including: greenhouse gas emissions and energy consumption, through to social issues such as engagement with local communities and anti-corruption measures such as whistle blowing procedures. Large listed companies will also be obliged to disclose the diversity policy that applies to their boards of directors.

Announcing the changesTánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald said: “These new regulations, which require some of Ireland’s biggest  companies to publish information on the policies they adopt and apply on a variety of important matters. In addition, these regulations oblige large listed companies to disclose how they promote diversity, such as age, gender and educational background, on their boards of directors,” the Tánaiste said.

 “I believe that public disclosure of this type will help to encourage sustainable growth in Irish enterprise. I expect that it will also be of interest to investors, consumers, non-governmental organisations and wider society.”

A flexible approach has been taken in framing these new transparency requirements, which bears in mind the needs of both companies and those who will rely on the new disclosures. For example, the regulations allow companies to choose to publish the required information on their website instead of in an annual directors’ report, which is produced at a set time each year.

European Union (Disclosure of Non-Financial and Diversity Information by certain large undertakings and groups) (S.I. No. 360 of 2017) were signed into law on 30 July 2017 and come into operation on 21 August 2017.

They apply to financial years beginning on or after 1 August 2017.

The Regulations transpose EU Directive 2014/95/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups into Irish law.

Content of the Regulations
The Regulations provide for two separate reporting requirements.

Firstly, companies that are categorised as both ‘public interest entities’ and ‘large’ and that have more than 500 employees must prepare and publish a ‘non-financial statement’. That statement relates, at a minimum, to environmental, social and employee matters, respect for human rights, and anti-corruption and bribery matters. Where a company does not pursue policies in any of these areas, it must give an explanation as to why not.

 A ‘public interest entity’ is an entity, for example, that is a bank, an insurance undertaking, or a company listed on an EU regulated market.

The non-financial statement must be provided either as part of the annual directors’ report or as a separate statement. Where it is provided as a separate statement, it must be filed in the Companies Registration Office with the company’s annual return, or published on the company’s website.

The second reporting obligation is on companies that are listed on an EU regulated market and that are categorised as ‘large’. These companies must provide a description of the diversity policy they apply in respect of their board of directors (referred to as ‘diversity report’). This information forms part of the corporate governance statement that listed companies prepare. The diversity policy addresses factors such as the age, gender, and educational and professional background of directors. Where the company does not have a diversity policy, it must give an explanation as to why not.

>Local comment

Name: Remember me
E-mail: (optional)
Captcha

back to main headlines

    
Advanced Site Search

within   using

Latest Items

   
Newsmedianews ads


RANDOM POLL
[poll topic refreshes on page load]
Advanced Poll
Should the EU have been awarded the Nobel Peace Prize?
Yes
No


Results
More polls




Direct Input Archives

Direct Input Headlines
At Least 32% of U.S. Mass Shooters Trained to Shoot by U.S. Military - 10 May 2023 filed by the editor - General, Features, International, United States


Archives


World's End, Black Mountains, Wales

Easyspace.com



Google

Web 

this site

 

 

Newsmedianews ads

 

 

GreatCampingSpots.com

 

 

 

In Association with Amazon.com

 

 

Alibris: Books, Music, & Movies

 

 

 

Download complete CD of 10 songs


news resources
Afghanistan | Africa | Albania | Algeria | Andorra | Angola | Anguilla | Antigua
| Argentina | Armenia | Aruba | Asia | Australia | Austria | Azerbaijan | Bahamas | Bahrain | Balkans | Bangladesh | Barbados | Belarus | Belgium | Belize | Benin | Bermuda | Bhutan | Bosnia | Bolivia | Botswana | Brazil | Brunei | Bulgaria | Burkina | Burma | Burundi | Cambodia | Cameroon | Canada | Cape Verde | Caribbean | Cayman Islands | Cen African Rep | Chad | Chile | China | Christmas Island | Columbia | Comoros | Congo | Cook Island | Costa Rica | Croatia | Cuba | Cyprus | Czech/Slovakia | Denmark | Djibouti | Dominican Republic | Dubai | East Timor | Ecuador | Egypt | El Salvador | Equatorial Guinea | Eritrea | Estonia | Ethiopia | Europe | Faroe Islands | Fiji | Finland | France | Gabon | Gambia | Georgia | Germany | Ghana | Greece | Greenland | Grenada | Guadeloupe | Guam | Guatemala | Guinea | Guyana | Haiti | Holland | Honduras | Hong Kong | Hungary | Iceland | India | Indonesia | Iran | Iraq | Ireland | Israel | Italy | Ivory Coast | Jamaica | Japan | Jordan | Kazakhstan | Kenya | Kiribati | Korea | Kuwait | Kyrgyzstan | Laos | Latvia | Lebanon | Lesotho | Liberia | Libya | Lietchtenstein | Lithuania | London | Luxembourg | Macau | Macedonia | Madagascar | Malawi | Malaysia | Maldives | Mali | Malta | Marshall Islands | Martinique | Mauritania | Mauritius | Mexico | Micronesia | Moldova | Monaco | Mongolia | Montenegro | Montserrat | Morocco | Mozambique | Namibia | Nauru | New Zealand | Nicaragua | Niue | Niger | Nigeria | Northern Ireland | Norway | Oman | Pakistan | Palau | Palestine | Panama | Paraguay | Peru | Philippines | Pitcairn Islands | Poland | Portugal | Qatar | Romania | Russia | Rwanda | Samoa | San Marino | Sao Tomé | Saudi Arabia | Scandinavia | Senegal | Serbia | Seychelles | Sierra Leone | Singapore | Slovakia | Slovenia | Solomon Islands | Somalia | South Africa | South Americas | Spain | Sri Lanka | St Kitts | St Lucia | St Pierre | St Vincent | Sudan | Suriname | Swaziliand | Sweden | Switzerland | Syria | Taiwan | Tajikistan | Tanzania | Thailand | Tibet | Togo | Tonga | Trinidad | Tunisia | Turkey | Turkmenistan | Turks & Caicos | Tuvalu | Uganda | Ukraine | United Kingdom | United States | Uruguay | Uzbekistan | Vanuatu | Venezuela | Vietnam | Virgin Islands | Walli & Futuna | Yemen | Zambia | Zimbabwe | World
Human Rights | Science | Journalism | Music | Showbiz | Sport | Technology
Clickable News Globe


Top | Privacy | Forum | Comment XML news feed directory MP3 Sounds | Links | Publicity | Contact
On-line Editing | Publish news | Guestbook | Site Status | Site Map
publish an item from this page to Newsvive.com Seed Newsvine
© Newsmedianews

Web newsmedianews

See traffic details for this site