Financial Transparency Coalition

The European Commission has recently opened a consultation process until 23 August 2010 calling for views to modify a regulation that sets out minimum transparency requirements for listed companies. The Transparency Directive was adopted in 2004 with the aim of improving the information available to investors on companies’ performances to help them make investment decisions. Now, the so-called TOD Directive is under revision. Where the directive currently falls down As it currently stands, while the Directive covers a large range of firms, namely, those whose securities are admitted to trading on a regulated market, it only offers EU Member States the possibility...

MADRID—Representatives from Eurodad, a member of the Task Force on Financial Integrity and Economic Development, took the floor at the Repsol shareholders meeting on April 30 in Madrid and called on the firm to support a country by country reporting standard for the extractive industry. Repsol is the world’s 15th largest petroleum refining company. “We believe that, by giving its public and explicit support to a country by country accounting standard now under discussion by the International Accounting Standards Board Repsol YPF will contribute its voice in opposing bad corporate governance...

MADRID—Representatives from Eurodad, a member of the Task Force on Financial Integrity and Economic Development, took the floor at the Repsol shareholders meeting on April 30 in Madrid and called on the firm to support a country by country reporting standard for the extractive industry. Repsol is the world’s 15th largest petroleum refining company.

Statement by Marta Ruiz, Policy and Advocacy Officer for Eurodad at the Repsol Sharholders Assembly in Madrid on April 30 2010.