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Latest developments

This section gives the opportunity to keep up to date in the field of EU Company Law and Corporate Governance.

Webinar on Non-financial Reporting in the EU

The ETUI in cooperation with the ETUC organized a webinar on "Non-financial Reporting in the EU: What Role for Trade Unions and Worker Participation?" on 10 March 2021. The webinar discussed what types of non-financial information are needed by trade unions and worker representatives and how to strengthen their role in the non-financial reporting process.    

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Webinar on "Human rights due diligence (HRDD) and responsible business conduct in the EU"

The European Worker Participation Competence Centre (EWPCC) and the European Trade Union Institute (ETUI) in cooperation with the European Trade Union Confederation (ETUC) organized a webinar on 13 January 2021 on the subject of "Human rights due diligence (HRDD) and responsible business conduct in the EU". 

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ETUI's workshop on '“Workers’ participation in corporate governance”

The EWPCC of the ETUI organized a workshop “Workers’ participation in corporate governance” on 23th April 2018, in Madrid (Escuela Muñiz Zapico from CCOO).

The workshop had four main objectives: situate workers’ participation as a means to democratize the company in the context of after-crisis modernization of industrial relations in Spain, promote a theoretical-practical debate on the issue, illustrate with empirical comparative data on institutional models and existing practices of workers’ representation at European level, and finally, collectively learn from exchange of experience between workers’ representatives involved in corporate decisions in different companies and EU Member States.

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30% female quota in supervisory boards of German DAX companies

The law adopted by the German Bundestag on the 01 January 2016 setting mandatory quota levels for female supervisory board representation within both DAX registered companies and large co-managed companies appears to start having a real impact. In a recent report (annual “DAX 30 Supervisory Board Study, 2018) consultancy company Russel Reynolds Associates indicated that for the first time the 30% female minimum threshold has been reached globally across the DAX registered companies. In the company that was the last to meet the quota requirements, the SAP’s, the supervisory board now actually stands at 56% versus 22% a year ago. Only five DAX companies are falling short, namely Adidas, Henkel, Infineon, Merck, and Continental and must urgently appoint female representatives.

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Tax justice in Europe: why does it matter for workers? (Policy Brief)

Policy Brief by Tove Maria Ryding

Tove Maria Ryding in cooperation with the ETUI's GoodCorp Expert Network casts light on the links between tax avoidance and how workers' voice be a countermeasure and a means to making companies more sustainable.

Tax avoidance by corporations is widespread in Europe and costs governments more than €70bn annually. This revenue loss, and the legal ramifications of strategies that multinational companies use to avoid paying taxes, starves public services of funding, limits the bargaining power of trade unions and undermines employee rights. This ETUI policy brief outlines the scale of the problem, describes some of the ways that corporations limit their tax liabilities, and suggests some practical solutions. The brief shows that corporations have a range of strategies for avoiding paying taxes, including: declaring themselves to be multinationals; use of ‘transfer pricing’ to shift sales from high to low tax jurisdictions; and concluding secret tax deals with governments. Wealthy individuals also have a number of accounting and legal tricks available to them to conceal their assets.

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The revised Shareholder Rights Directive 2017: policy implications for workers

Shareholders Rights Directive PB 2018/02

The 2017 revised Shareholder Rights Directive gives shareholders a say on executive pay and requires institutional investors to improve shareholder engagement. The directive is thus designed to provide a counterweight to the increasingly dominant ‘shareholder’ model of corporate governance which has put the interests of firms’ shareholders ahead of other stakeholders, including their workers.  Drawing on the experience of the UK, Europe’s leading exponent of the shareholder model whose experience heavily influenced the Commission’s thinking, this brief analyses the workings of the directive, discusses its implications for worker’s rights and suggests how trade unions should respond.

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A step but not a leap: The Commission's new proposal for non-financial and diversity reporting

Earlier this week the Commission released its long-awaited proposal for a Directive regarding disclosure of non-financial and diversity information. The Commission’s explanation of the motivation for this proposal is straightforward: “...only a limited number of EU large companies regularly disclose non-financial information, and the quality of the information disclosed varies largely, making it difficult for investors and stakeholders to understand and compare companies’ position and performance.” 1

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