The Corporate Governance Reporting in the European Union

Camilleri, M.A. (2018). The Corporate Governance Reporting in the European Union. In Cooper, C. Driving Productivity in Uncertain and Challenging Times. (University of the West of England, 5th September). British Academy of Management, UK.

18 Pages Posted: 4 Sep 2018

See all articles by Mark Anthony Camilleri

Mark Anthony Camilleri

University of Malta; University of Edinburgh

Date Written: September 5, 2018

Abstract

The latest European Union’s (EU) guiding policies are encouraging big businesses and state-owned organisations to disclose their environmental, social and governance (ESG) performance. Many European member states have transposed the EU’s directive 2014/95/EU on non-financial reporting. This directive has presented a significant step forward toward the as its “comply or explain” approach has encouraged organisations to disclose a true and fair view on their organisations’ financial and ESG capitals. Hence, this paper makes specific reference to some of the corporations’ best practices as it identifies areas for improvement in corporate governance issues. It explains how three major European banks are following the recommendations of their national regulatory institution, as they have reviewed the roles and responsibilities of the corporate boards and management. In many cases, they have anticipated the regulatory, legal, contractual, social and market-driven obligations. This contribution contends that there are significant implications for financial services corporations who intend following the right path toward responsible corporate governance and ethical behaviours.

Keywords: corporate governance, corporate communication, corporations, corporate social responsibility, Europe, Banks, Financial Services

JEL Classification: M00, M10, M14, M16, M30, M31, M41, M42, M48

Suggested Citation

Camilleri, Mark, The Corporate Governance Reporting in the European Union (September 5, 2018). Camilleri, M.A. (2018). The Corporate Governance Reporting in the European Union. In Cooper, C. Driving Productivity in Uncertain and Challenging Times. (University of the West of England, 5th September). British Academy of Management, UK.. Available at SSRN: https://ssrn.com/abstract=3238662

Mark Camilleri (Contact Author)

University of Malta ( email )

Department of Corporate Communication,
Faculty of Media and Knowledge Sciences
Msida, MSD2080
Malta
79314808 (Phone)

HOME PAGE: http://https://www.um.edu.mt/profile/markacamilleri

University of Edinburgh

27 Buccheluech Place,
The Business School
Edinburgh, Scotland EH8 9JS
United Kingdom

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