CESR advice to EC on disclosures by public companies

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01 Aug 2003

The Committee of European Securities Regulators has proposed that the European Commission adopt standardised minimum information across the EU that issuing companies must disclose to investors.

The disclosures would include key financial information, operating results, specific risk factors, a statement on how the company complies with its national corporate governance code, remuneration of key management, and potential conflicts of interests. The CESR recommendations also deal with adoption of IFRS, disclosure of pro forma information, profit forecasts, and incorporation by reference. Click for CESR Disclosure Recommendations (PDF 211k).

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