Vous trouverez, ci-joint, un court résumé de la conférence organisée par European Confederation of Directors’ Associations (ECODA) sur l’application du « Comply or explain » dans les pays de l’EU. Ce document a été rédigé par Béatrice RICHEZ-BAUM beatrice.richez-baum@ecoda.org, secrétaire générale de ECODA. Voilà donc le sommaire du point de vue d’un groupe d’expert sur la question.
…. « Bringing together about 90 high profile participants from diverse background and nationality, including EU and national decision-makers, representatives from the business sector, as well as regulators and supervisors, the event provided an informed platform to explore ways to improve the existing model for meaningful and verifiable explanations.
The EU-study by RiskMetrics (supported by ecoDa, BusinessEurope and Landwell) and the European Green Paper on Corporate Governance Framework stressed the need for improving the quality of the explanations and for a better monitoring of these explanations.
All the speakers acknowledged that the “comply or explain” principle has played a useful role in offering an incentive for continuous improvement in Corporate Governance practices and that flexibility is the condition for companies to have the tailored governance they need. However they stressed the need to have a credible system working well in terms of enforcement and being acceptable by society at large.
The speakers clearly call companies to take more responsibility on their governance to prevent regulation that would kill the whole discussion about the quality of explanations and that would reduce the governance debate to a compliance debate with regulators and a box ticking exercise.
If the quality of explanations and the quantity of supervision is improving, all markets’ actors have still a role to play to increase transparency and to enhance not only the content but also the process of good quality explanations »…. Pour plus d ‘information www.ecoda.org
Gouvernance | Jacques Grisé 