THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040.
6
THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040 THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040 THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040 Company Law in the Digital Age Highlights for the introduction to the panel discussion at the EU Conference on Company Law in the Digital Age By Lutgart Van den Berghe 2 October 2015
-
Upload
gilbert-willis -
Category
Documents
-
view
212 -
download
0
Transcript of THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040.
THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040 THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040
THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040
Company Law in the Digital Age
Highlights for the introduction to the panel discussion at the EU Conference on Company Law
in the Digital Age
By Lutgart Van den Berghe
2 October 2015
THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040 THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040
Highlights for the introduction to the panel discussion at the EU Conference on Company Law in the Digital Age
Transparency is a key ingredient in corporate governance and company law
Fundamental cornerstone for monitoring purposes
Can also be an incentive for companies to comply: • sunshine seems to be the best of all disinfectants
THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040 THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040
Highlights for the introduction to the panel discussion at the EU Conference on Company Law in the Digital Age
Yet expectations are not met and costs may become very high
Compliance costs as to disclosure requirements are becoming very high
Danger of window dressing
More disclosure does not mean more transparency
THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040 THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040
Highlights for the introduction to the panel discussion at the EU Conference on Company Law in the Digital Age
The digital age could solve part of this gap and create a more virtuous information cycle
Accessibility of information
Ease of retrieval
Useful and relevant information
Cost effectiveness
Secure the information libraries
THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040 THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040
Highlights for the introduction to the panel discussion at the EU Conference on Company Law in the Digital Age
Challenges for the board in a digital age
Making optimal use of the potential a digital society offerso Is the board innovation proof?
Finding the right level of disclosureo Be compliant with regulatory demandso Be responsive to stakeholders and societal
expectationso While not loosing sight of sensitive strategic
information
Manage internal and external information channels
Put digital risks and cyber security on the board’s agendao Is not only a challenge for the IT department
THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040 THE EUROPEAN CONFEDERATION OF DIRECTORS ASSOCIATIONS - AVENUE DES ARTS 41 - BRUSSELS 1040
Thank you
