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Giuseppe Moscato

It includes:

  • EC: Renewed Sustainable Finance Strategy
  • EC: A new anti-money laundering package 
  • EP Study: Environmental Crimes: Liability of companies in the context of corporate M&A
  • ESMA/EBA: Guidelines on the assessment of the suitability of members of the management body and key function holders
  • IOSCO Report calls for efforts to tackle greenwashing (Minerva Analytics)
  • BEUC: Reaction to the EC’s New Strategy on sustainable finance
  • Report: Board Monitor 2021 (Heidrick & Struggles)
  • IoD UK: Response to Government proposals for audit and CG reforms
  • UK: Campaigners call for UK Due Diligence Law
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It includes:

  • EC: Sustainable Finance Strategy
  • European Court of Auditors: EU efforts to fight money laundering are insufficient
  • OECD: Corporate Governance Publications
  • The Future of Corporate Governance in Capital Markets Following the COVID-19 Crisis
  • Japan’s regulator urged to toughen ESG rules (Minerva Analytics)
  • Response to EC Consultation on the draft Corporate Sustainability Reporting Directive
  • ETUC: Calls on the EC to set a date for the Due Diligence Directive
  • Report: Reflection on the future role of audit committees (Accountancy Europe, ecoDa, EY)
  • Report: Integrated reporting in the European public sector (ECIIA and EUROSAI)
  • Politico: Competitive Europe Summit
  • UK: FCA consults on further climate-related disclosure rules
  • Eurocrats burn out under ‘insane’ Green Deal workload (Politico)

 

 

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Webinar – Governance of sustainability: mandatory and voluntary drivers

Earlier this year, the European Commission concluded a far-reaching consultation on the EU company law framework to promote sustainable corporate governance and company law, and in March the European Parliament announced plans for a new binding law that ensures companies are held accountable and liable when they harm – or contribute to harming – human rights, the environment and good governance. The ICGN’s Global Governance Principles emphasise that directors have a legal duty to act on an informed basis, with good faith, care and loyalty to promote the long-term best interests of the company to preserve and enhance sustainable value creation. How do mandatory and voluntary requirements harmonize for best effect? What does this mean in practice for company boards and investors alike?

  • Alex Edmans, Professor of Finance, London Business School & Academic Director, Centre for Corporate Governance, UK
  • Michel de Fabiani, Chair of Policy Committee, ecoDa, France
  • Jana Jevcakova, Managing Director, Corporate Governance, Morrow Sodali, Australia
  • Maria Pierdicchi, Director, Unicredit and Chairwoman and Board Member, Nedcommunity, Italy
  • Chair: George Dallas, Policy Director, ICGN, UK
To register CLICK HERE
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It includes:

  • EC Taxonomy Climate Delegated Acts
  • EC Consultation on Tax Avoidance
  • European Parliament calls for concrete action for SMEs
  • Joint statement on sustainable corporate governance by several peer organisations 
  • Shell ‘say on climate’ vote set to fuel further campaigns (BoardAgenda)
  • The Value Reporting Foundation
  • Minimum tax rate for multinational groups
  • Vision 250: Time to transform
  • Creation of the Taskforce on Nature-related Financial Disclosures
  • The UK IoD/ Planet Mark

 

The EU Alert is available for download here.

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It Includes:

  • EU lawmakers strike deal for corporate tax transparency 
  • EBF: Recommendations for a fairer and more efficient EU tax framework
  • Creation of the Financial Regulations European Association (AEFR)
  • BEUC Chief resumes work in the EU Platform on Sustainable Finance
  • Article: What corporate boards can learn from Boeing’s mistakes (Harvard Business Review)
  • GNDI: Rahul Bhardwaj elected as the new Chair
  • CFA Institute: Draft ESG disclosure standards (Minerva Analytics)
  • US: Executive order on climate-related financial risk
  • Article: Activists set their sights on underperforming AIM boards (Board Agenda) 
  • France: Impact, a new platform to help companies report on non-financial information
  • UK IoD: 6 in 10 firms believe they should not exist solely to make money

The EU Alert is available for download here.

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Chapter Zero France event – 30/06/2021  – Pathways to net zero: challenges and opportunities in aging assets

Dear Madam, Sir,

We are pleased to invite you to join us on June 30th to explore the challenges and opportunities provided by the decommissioning of aging assets under the accelerated pace of the energy transition.

PATHWAYS TO NET ZERO: CHALLENGES AND OPPORTUNITIES IN AGING ASSETS

The decommissioning of aging and mature energy assets is a significant challenge within O&G, nuclear, and mining industries. Board members are invited to explore the following questions:

● How can industry players ensure that decommissioning obligations are properly addressed to ensure adherence to best operational practice, optimise decommissioning costs and avoid damaging negative externalities?

● How can industry players turn decommissioning challenges into opportunities in the context of the energy transition? What opportunities exist and what steps should they take to accelerate the energy transition through decommissioning?

● How can the finance strategy support funding for decommissioning liabilities while enhancing ESG credentials? What are the implications of evolving investor expectations?

Event details :
Wednesday 30 june at 1pm CET

With ● Bryony Widdup – Partner and financial markets specialist, DLA Piper ● Julien Halfon – Head of Pensions and Corporate Solutions, BNP Paribas Asset Management ● Olivier Perrin – Senior Partner, Energy, Resources & Industrials, Monitor Deloitte ● Karina Litvack – Independent non-executive Director, ENI Board of Directors More information Register

Sincerely,

The Chapter Zero France team

Click HERE to Register

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CGI Russia – Webinar – Board challenges in tackling climate change in Emerging Markets” on June, 9 2021 at 3 pm Moscow.

The Climate Governance Initiative (CGI) Russia in partnership with general partner – Sberbank, London Stock Exchange, Chapter Zero Brazil and Chapter Zero Italy is delighted to invite board members, asset managers, chairs and members of audit and risk committees  to take part in the panel discussion “Board challenges in tackling climate change in Emerging Markets” on June, 9 2021 at 3 pm Moscow.

Emerging Market economies continue to take significant strides to establish good corporate governance practices, and have shown improvements in the areas of board independence and long-term stewardship of companies.

Climate change has introduced new challenges for all boards, but presents added complexities for the boards of companies in Emerging Markets.
Once again business resilience is under threat and boards are being challenged to own the business response.

Join our panel to explore how to embed climate considerations into board decision-making and act upon the risks and opportunities that the climate emergency poses to the business success of their companies.

The content of the panel is curated to be relevant to boards of directors enabling them to act upon the risks and opportunities that the climate emergency poses to the long-term resilience and business success of their companies.

 

Moderator:
Ayuna Nechaeva, Head of Europe, London Stock Exchange (UK)

Speakers:

Silvio Dulinsky
Head of Business Engagement, Latin America, World Economic Forum

Alexander Vedyakhin
First Deputy Chairman of the Executive Board, Sberbank (Russia)

Benedikt Sobotka
CEO, Eurasian Resources Group (Kazakhstan, Africa, Brazil)

Silvia Stefini
Non-Executive Independent Director, Italgas and Falck Renewables, Steering Committee Chapter                     Zero Italy (Italy)

Tarcila Ursini
Independent Board Member, Grupo Korin and Independent Board Member, Sustainability and People Committees, Agrogalaxy SA (Brazil)

Fan Fu
President, CEO, China Pacific Insurance Co., Ltd. (China)

 

To register CLICK HERE.

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It includes:

  • EC: Results from the public consultation on the sustainable CG initiative
  • EC: Commissioner McGuiness’s speech on corporate reporting after Wirecard
  • EC: TESG Final Report on SMEs  – Empowering EU Capital Markets
  • EC: Taxonomy’s Article 8 draft delegated unveiled
  • Letter: NGOs support for the EC plans on Sustainable CG and response to criticism
  • EuropeanIssuers: Feedback on the TESG Report on SMEs
  • Podcast: The shift to sustainability: A CFO’s journey (Accountancy Europe)
  • Report: European Family Business Covid-19 Edition
  • Article: Achieving gender balance on executive teams – What works ? (Board Agenda)
  • UK: The IoD calling on business to adopt climate-related financial disclosures
  • UK: The FRC issued revised auditing standards 
  • Germany: NEDs can make climate neutrality a reality (Forbes)
  • Guberna: Summer School and International Governance Forum

    ecoDa’s NEWS

    • ecoDa has published its 2020 Annual Report.
    • 28th May: ecoDa has been represented by Alessandra Stabilini, at the European Family BusinessWeek to discuss Sustainable Corporate Governance;
    • 4th of June: ecoDa’s Policy Committee meeting;
    • 9th of June:
      • ecoDa’s Education Committee meeting;
      • ecoDa/PwC Joint Webinar on “How to approach tax governance as a strategic issue? A discussion for board members” (4.00-5.00pm CET). More information to be found here.
    • SAVE THE DATE:  9th of November: The 2021 EU Corporate Governance Conference under the Slovenian Presidency of the Council, will be organised online by the Slovenian Directors’ Association (a members of ecoDa) and ecoDa, with the support of EY. More information to be released shortly.

      CLICK HERE for the download

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Today, due to an increased interest from the society, companies are aware of the importance of behaving in a socially responsible manner and of promoting good tax behaviour. Responsible tax behaviour is an important element of the corporate social responsibility of enterprises and their reputation with their stakeholders is consequently at stake. A growing number of stakeholders, such as investors (via the United Nations Principles for Responsible Investment), pension funds, financial regulators and banks, are paying attention to a company’s tax strategy and also take tax behavior into account in investment or financing decisions.

Encouraged by a growing public demand, the European Union, including the Parliament, is moving forward on taxation and the next step could be to harmonise and institutionalise fair taxation and tax responsibility.

That is why the June 9 Webinar will focus on the different tax governance aspects for directors and the need to make it a strategic issue in the board rooms. In order to raise awareness, ecoDa has brought together leading experts to discuss and to guide directors on this essential topic.

 

Our speakers

Cristiano Borean, CFO, Generali Group,

Edwin Visser, Tax policy leader for the EMEA region and of PwC Europe.

To register CLICK HERE.

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FERPI – Aperte le iscrizioni alla 57esima edizione dell’Oscar di Bilancio

Si sono aperte il 30 aprile le iscrizioni alla 57esima edizione dell’Oscar di Bilancio, il riconoscimento, promosso da FERPI, Borsa Italiana e Università Bocconi, che annovera NED Community tra le associazioni partner.

Il premio annuale vede protagoniste le aziende più virtuose nell’attività di reporting e nella cura dei rapporti con   gli stakeholder.

Fra le novità dell’edizione 2021 una sezione dedicata alle Società Benefit e l’ampliamento della categoria Enti Locali.

Per più informazioni CLICCA QUI

Per registrarti CLICCA QUI
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It Includes:

  • EC: Sustainable Finance Package
  • Platform on Sustainable Finance
  • EP: Structured dialogue with Commissioner Reynders
  • EP: Pay Transparency Directive
  • Publication: ecoDa’s Corporate Governance Guidance and Principles for Unlisted Companies in Europe
  • Guidance: Disclosure and transparency in crisis (IFC)
  • Article: Rise of the machines requires a ‘stakeholder approach’ from boards (Board Agenda)
  • UK: Restoring Trust in Audit and Corporate Governance – Key proposals
  • Luxembourg: Report – Meeting the digital challenges (ILA)
  • Norway ramps up commitment to ethical investment (Minerva Analytics)
  • Germany: the Parliament expands probe into EY’s audits of Wirecard (Financial Times)

    EVENTS

  • EC: A New Compass for SMEs
  • Joint EC/ECB Conference
  • The ICGN Governance of Sustainability Dialogue


The EU Alert is available for download here.

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ecoDa today releases an updated version of its groundbreaking Corporate Governance Guidance and Principles for Unlisted Companies, eleven years after the first edition. This edition has been endorsed by Commissioner Reynders, the OECD, the IFC and European Family Businesses.

With the growing public scrutiny of corporate behaviour and public demand for improved corporate accountability and transparency, ecoDa wanted to revise its principles of good governance for unlisted companies. The new version provides a more modern treatment of the role that ESG issues must play – particularly climate change.

The fourteen principles are still presented from a dynamic phased approach, which takes into account the degree of openness, size, complexity and level of maturity of individual companies.

“In times of crisis, unlisted companies must ensure a solid corporate governance framework – both to overcome the illiquidity risk and maintain access to external sources of financing. Corporate Governance can help businesses ensure their long-term continuity and success. This Guidance plays a crucial role in helping unlisted companies reflect on the potential benefits and costs of various governance approaches”, highlighted Leena Linnainmaa, ecoDa’s Chair.

ecoDa Guidance and Principles are adapted to the specific challenges faced by unlisted companies. It advocates for a proportionate and realistic implementation.

As specified by Roger Barker, co-chair of the Working Group responsible for the drafting, “This set of voluntary Corporate Governance principles makes sense for all European unlisted companies. However, it can serve as a reference for a more specific adaptation to national reality”.

“The new version has been enriched with a self-assessment questionnaire that allows companies to regularly measure their progress on the path to good governance”, added Juan Alvarez-Vijande, co-chair of the same Working Group.

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The European Commission has just published today a package of different measures:

1- EU Taxonomy Climate Delegated Acts;

2-  A proposal for a Corporate Sustainability Reporting Directive (CSRD) – replacing the NFRD (see direct link to the proposal: https://ec.europa.eu/finance/docs/law/210421-proposal-corporate-sustainability-reporting_en.pdf )

3-  Six amending Delegated Acts on fiduciary duties, investment and insurance advice

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The Non-Financial Reporting Directive (NFRD) requires certain large companies to report on social, employee and environmental matters, human rights and bribery & corruption. However, the information that is currently reported does not meet the needs of users.

The European Commission is reviewing the NFRD in order to remedy this and to ensure that companies from whom users need non-financial information report such information, and that reported information is relevant, comparable, reliable, and easy to access and use.

The proposal for a Sustainability Reporting Directive is expected to be published in April 2021 for consideration by the European Parliament and the Council.

This high-level conference is an opportunity for interested parties to find out more about the key issues and the objectives of the proposal and of its concrete implications. It will alternate between panels and keynote speeches from European and international leaders in the field of sustainable finance, including Commissioner McGuinness. The panels will address, among other topics, the role of sustainability reporting standards in promoting better sustainability disclosures from companies.

For register CLICK HERE

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TEB – The Effective Board 2021

Il percorso formativo di didattica executive TEB – The Effective Board, frutto della collaborazione tra Associazione Italiana Dottori Commercialisti – Sezione di Milano e Nedcommunity, mira a sviluppare le competenze necessarie per una assunzione consapevole dell’incarico di amministratore o sindaco in società quotate o non quotate, secondo i migliori standard di corporate governance nazionali e internazionali.

La quarta edizione del percorso, che ha formato negli scorsi anni oltre 150 professionisti, conferma la formula didattica già sperimentata con grande efficacia e successo nella precedente edizione 2020.

Grazie alla modalità di formazione a distanza, e_TEB 2021 permetterà ai professionisti che lo desiderino di non perdere l’occasione di sviluppare o consolidare le competenze necessarie per un’assunzione consapevole dell’incarico di amministratore o sindaco in societa` quotate o non quotate, secondo i migliori standard di corporate governance nazionali e internazionali.

Il percorso e_TEB 2021 presenta una struttura articolata complessivamente in 12 moduli formativi, suddivisi in momenti didattici sincroni e asincroni.

La parte sincrona di ogni modulo è costituita da una lezione on line, in collegamento video con i partecipanti, accompagnata dalla condivisione di risorse didattiche e dibattiti coordinati dal docente e con la partecipazione di uno o più testimoni.

La parte asincrona della didattica di ciascun modulo è costituita dalla condivisione con i partecipanti di risorse didattiche di varia natura: video pre-registrati dai docenti, nei quali vengono presentati gli argomenti del modulo; set di slides coordinate con i contenuti dei video; articoli, documenti e altri materiali di supporto.
Ai fini del rilascio dell’attestato di partecipazione al percorso formativo, ogni modulo asincrono si conclude con un test di apprendimento obbligatorio.

Il percorso formativo potrà essere completato con la partecipazione a seminari di approfondimento anche in presenza, qualora le misure di contenimento del contagio da COVID-19 lo permetteranno.

Periodo di svolgimento: dal 23 aprile 2021 al 19 novembre 2021.
L’iscrizione potrà essere perfezionata – entro il 21 aprile 2021 direttamente on-line CLICCANDO QUI.

Per informazioni: 

segreteria.milano@aidc.pro

mremondini@nedcommunity.com

Per dettagli sul programma e le modalità di iscrizione, scaricare la BROCHURE e il modulo di iscrizione.

Visita il sito www.aidc.pro/milano/teb

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It Includes:

  • EC: Summary Report of the Consultation on the Renewed Sustainable Finance Strategy
  • EC: Study on equity funding in the EU 
  • EC: Consultation on environmental crime 
  • ESMA: Calls for legislative action on ESG ratings
  • EP: Measures to protect investors and cut red tape for firms
  • Discussion with Colin Mayer: The future of stakeholderism post covid
  • Report: Corporate Governance for sustainability 
  • The launch of the International Federation of Family Offices
  • Black Rock: Climate change as a front and center strategic matter
  • Sweden: Report on Corporate Governance and Short-termism
  • Event: The governance of technology

 

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It includes:

  • EC: Evaluation of the audit framework
  • EC: McGuinness’ opening remarks at the ECON Committee structured dialogue 
  • EC: Request to ESAs for technical advice on digital finance
  • Report: Fraud: recommendations to strenghten the financial reporting ecosystem (Accountancy Europe)
  • Summary report: ecoDa-Mazars’s Joint Event “Sustainable Corporate Governance for long-term business success”
  • Article: US Corporate Boards suffer from inadequate expertise in financially material ESG matters 
  • Podcast: How boards should prepare for the rising cybersecurity threat (McKinsey & Company)
  • UK: Directors face new liability demands under major audit reform 
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It includes:

  1. Council: The Portuguese Presidency (Cicero/AMO Analysis
  2. ECB: asked banks to refrain from or limit dividends until September 2021
  3. EC: New EU Cybersecurity Strategy and new rules
  4. EC: Interim study on the integration of ESG factors into the EU banking prudential framework
  5. EBA: Consultation Paper on Draft Guidelines on sound remuneration policies
  6. IFRS Foundation’s consultation on sustainability reporting
  7. INSEAD: Boards and sustainability: From Aspirations to Action
  8. UK: FCA introduces rule to enhance climate-related disclosures
  9. Report: Pay ratios and the FTSE 350: an analysis of the first disclosures
  10. EFRAG series of events on the preparatory work on EU non-financial reporting standards

 

Per scaricare EU Alert CLICCA QUI

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1. Ethics & Boards joins ecoDa as a Data Partner

ecoDa is delighted to announce a partnership with the data provider, Ethics & Boards. This new collaboration comes at a time when structured data at European level is a must-have when providing information to the European Institutions regarding their policies and supporting their upcoming initiatives.

As stated by Jan Wesseldijk, ecoDa’s Chair, “our partnership with Ethics & Boards will allow us to correlate the trends that we observe with concrete figures”, while Floriane de Saint Pierre, Founder and President of Ethics & Boards welcomes “this new collcaboration with ecoDa, a key player in Corporate Governance at European level and we are looking forward to the upcoming dialogue”.

See the full press release HERE

2. ecoDa – Mazars Event on “Sustainable Corporate Governance for Long Term Business Success”

ecoDa and Mazars are delighted to invite you to join a live virtual event on sustainability and corporate governance in Europe, scheduled on the 19th of January, from 4.00 to 6.00 pm CET.

This event will bring together board members, investors and regulators from across Europe to discuss the role we all have to play in fostering an ecosystem that promotes long-term sustainable success for the benefit of all stakeholders in a business and society at large.

Topics to be covered include:

  • The key challenges for corporate governance systems across Europe, including climate change, the impact of technology, effects of Covid-19, tensions in free trade, and diversity.
  • The possible changes to the regulatory system in the 2020s.
  • How boards can get the right board in place to achieve their full potential. How different boards will look by 2030, in terms of diversity, roles represented, international membership, etc.

The changes expected in investors’ focus over the next decade, and how this will impact their approach to governance.

To register HERE

3. ecoDa’s Webinar on “ESG: From Awareness to Strategic Moves”

ecoDa is organizing a webinar on “ESG: From Awareness to Strategic Moves” on the 10th of February, from 9.30 to 12.45 CET.
The purpose of this webinar is to bring together standard-setters and company directors together to discuss examples of good practices.

The discussion will be structured around two panels. The first one will focus on ESG performance and the consequent changes happening at board level, while the second will be an inspirational discussion for board members to walk to talk. The event will include speakers from DG FISMA, EFRAG, B-Corp Lab, S&P Global Ratings as well as board members from across Europe.

To register HERE

4. 4th Edition of ecoDa’s Corporate Governance Dialogue

Earlier this year, the 4th edition of the Corporate Governance Dialogue was organized by ecoDa. This year’s theme was on less hierarchical organizations and flat management, two trends that have been accelerated by the Covid crisis.
The Dialogue, based on two case studies from Mercuri Urval and Decathlon, engaged different experts who concluded that the slow but steady replacement of traditional top-down hierarchies with more decentralized structures impacts not only the way companies are operating but also corporate governance as a whole.

A recording of the discussion as well as a summary report are available.

5. Season’s Greetings from ecoDa

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It Includes:

  1. EP: Businesses’ interests must align with society’s interests, MEPs
  2. EP: MEP’s blueprint for SMEs in post-COVID recovery
  3. ESMA: Response to the IFRS Foundation’s consultation on sustainability reporting
  4. EC: Commissioned Study on EU equity markets
  5. The EC’s consultation on Sustainable CG: Comments from the European Company Law Experts Group
  6. Due diligence: NGOs initiative pleading for a European legislation
  7. Study: The 2020 Virtual Shareholder Meetings in the EU
  8. The Council for Inclusive Capitalism launches a partnership with the Vatican
  9. Report: Making the most of Europe’s climate leadership
  10. Briefing: Why Covid did not change firms (Korn Ferry)
  11. Report: A reexamination is needed of how traditional audit procedures approach the risk of fraud (EY)
  12. ecoDa’s News
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