Eumedion is the forum and source for corporate governance and sustainability.
Eumedion is very much supportive of the International Auditing and Assurance Standards Board (IAASB) efforts to respond to the demand from users of financial statements, including investors, to make the statutory auditor's report more informative and company-specific. Especially the proposal to insert a new section entitled 'Key Audit Matters' in the auditor's report of a listed company is, according to Eumedion, a step forward in increasing the relevancy and usefulness of the auditor's report for users. This is one of the key messages of Eumedion's comments to the IAASB Exposure Draft 'Reporting on Audited Financial Statements'. The comments were submitted today.read more
Eumedion supports the European Securities and Markets Autority (ESMA) in its efforts to further develop a more harmonised supervisory approach regarding the financial information published by European listed companies. The draft ESMA Guidelines on enforcement of financial information will help to improve the quality and consistency of financial repoerting across Europe, whicht is fundamental for institutional investors' confidence in listed companies' performances and prospects, says Eumedion in its today's sent reaction on the ESMA consultation document.read more
Eumedion Focus Letter 2014 propagates more meaningful reporting by audit committees and statutory auditors
More meaningful reporting by audit committees and by statutory auditors are the main themes Eumedion participants will focus on during their dialogues with Dutch listed companies in 2014. The themes are incorporated in the so-called Eumedion Focus Letter 2014 that was sent to the Dutch listed companies earlier this week.read more
A disclosure only solution for leases is comparable with ordering lasagne, and instead of getting lasagne, you are supposed to be happy with the individual ingredients being served… thanks, but no thanks. Martijn Bos, Eumedion's policy advisor audit & reporting, on the ongoing discussion on lease accounting. read more
More than three years after its submission, the Dutch Senate is still in debate about the so-called Claw Back Bill. This Bill is partly inspired by an excessive acquisition bonus, received by Jan Bennink in 2007. The same Jan Bennink recently demonstrated at D.E Master Blenders 1753 that the purpose of "his Bill" could easily be circumvented. The part of the Bill to prevent excessive acquisition bonuses has thus become pure symbolic politics. According to Eumedion Managing Director Rients Abma it would be better to delete that part or strongly to tighten it (in such a way as the proposed Swiss rules under which all payments related to a successful takeover, merger or acquisition to executives will be prohibited). Ineffective legislation will only lead to more social unrest. read more
Investing in Responsibility Conference
On November 13, 2013, GTQ organises its 'Investing in Responsibility Conference'. Wouter Kuijpers, Eumedion's legal counsel and policy advisor, will participate in a panel discussion on Stewardship Codes and asset owner disclosures. Find here more information on the Conference and the registration procedure.