Eumedion is the forum and source for corporate governance and sustainability.
Eumedion supports MSCI's proposals to proportionate adjust the index weight of a company that deviate from the principle that the shareholders' voting power should be proportionate to their economic interest. Today, Eumedion submitted a comment letter to MSCI on the index provider’s consultation regarding the treatment of unequal voting structuresin the MSCI equity indexes. MSCI proposed in January to adjust the weights of so-called dual-class shares to reflect both their free float and their company level listed voting power.read more
Eumedion is positive about the European Commission's proposal to largely standardise and harmonise the voting procedures for the European shareholders' meetings (AGMs). According to Eumedion, the proposal will facilitate cross-border voting by shareholders and thus contribute to a higher participation rate of shareholders at the AGMs. Today, Eumedion submitted its comments on the draft European Commission Implementing Regulation as regards shareholder identification, the transmission of information and the facilitation of the exercise of shareholders rights.read more
The current governance of audit standards lacks broad stakeholder involvement and is dominated by accountants. The Monitoring Group, the group of international financial institutions and regulatory bodies and responsible for the overall governance of the international audit-related standard-setting process, issued a consultation document that outlines concrete proposals to make the audit standard-setting process future proof. In its today's issued comments, Eumedion welcomes the proposals that in many ways appear to mimic the governance of the IFRS Foundation. The composition of the independent board of the International Auditing and Assurance Standard Board (IAASB) should indeed be revised in a way that includes members from all major stakeholder groups.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
ICGN Annual Conference 2018
The International Corporate Governance Network (ICGN) will organise its 2018 Annual Conference on 25 - 28 June in Milan, Italy. At this Conference, Eumedion Executive Director Rients Abma will chair the panel discussion 'Towards the meaningful integration of the Sustainable Development Goals in business and investment'. Click here for more information and registration.