New Regulation of Non-financial Disclosure in Business Reporting
New Regulation of Non-financial Disclosure in Business Reporting

Summary/Abstract: Improvements to the credibility and transparency of the information disclosedby companies is a challenge for practitioners and legislators. In this paper we focus on thelatest EU Directive provisions coming into life in 2016 on the disclosure of non-financialinformation in business reporting. The aim of this article is to analyze this novel legislationof the European Parliament bringing changes to the business reporting on non-financialinformation and its expected implications. In this article theoretical and legal researchmethod has been applied, as well as the study on the legal status and applicationconditions of the new international law concerning non–financial operation disclosurethat is to be applied also in Poland. The thesis of this work is that the new EU directiveis an answer to the long debate on the non-financial information disclosure aimed atimprovement of the transparency and credibility of business communication with thestakeholders and theoretically is expected to contribute to a more sustainable economy.An attempt of the critical evaluation of the new law application conditions and effectsconcludes this work.

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