Implementing the Non-financial Reporting Directive
The European Commission (EC) has recently adopted non-binding guidelines on the Non- Financial Reporting Directive (NFRD).
At the same time, the Financial Reporting Council (FRC) is updating its 'Guidance on the Strategic Report' to reflect changes arising from the UK implementation of the NFRD and to strengthen links between Directors' responsibilities towards wider stakeholders and the purpose of the strategic report.
A draft of this guidance is expected in the autumn, but in the meantime, a quick summary of what it all means can be found here
For further information please contact Sarah Myles or your account management team.
We will continue to provide updates on the Non-financial Reporting Directive and the upcoming changes to corporate governance as companies prepare themselves for a new round of regulatory change.
About Black Sun Plc
Black Sun is a stakeholder communications company - creating and delivering inspiring multi-channel communications that reach, engage and influence stakeholders. Specialising in dynamic corporate communications for FTSE and international companies, Black Sun has over twenty years of experience in helping clients articulate their purpose and communicate how they deliver value to their stakeholders. For more information on how Black Sun may assist in your corporate reporting needs, please contact Sarah Myles