UNCTAD guidance on corporate governance disclosures
08 Nov 2006
The United Nations Conference on Trade and Development (UNCTAD) has published Guidance on Good Practices in Corporate Governance Disclosure.
This 52-page publication is an updated version of UNCTAD's 2002 report Transparency and Disclosure Requirements for Corporate Governance. UNCTAD's goal in developing this disclosure guidance is "achieving better corporate transparency and accountability in order to facilitate investment flows and mobilise financial resources for economic development" in UN member states. It is aimed particularly at regulators and companies in developing countries and transition economies. The suggested disclosures are divided between financial and non-financial. For financial disclosures the guidance states: "The International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board provide a widely recognised benchmark in this respect." The guide recommends a range of non-financial disclosures in the following areas:
We are grateful to UNCTAD for permission to post this guide.
Non-financial corporate governance disclosures:
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