Brussels wants to carefully define the responsibility held by all board members on ensuring correct company information is released. It wants views on whether it should guarantee the authenticity of non-financial information, and whether the duties of supervisory and management boards should be differentiated, for instance.
The public consultation document also tables options on the amount in data that should be released about business groups, for example about their links with offshore companies or special purpose vehicles.
Another suggestion is the highlighting of any decision that could be linked to a board member’s financial interests. With comments required by June 4, proposals could be drawn up before a new commission takes office.
- Go to europa.eu.int/comm/internal_market/accounting/board/index_en.htm.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016