Reporting Diversity Policy is part of a new EU directive that is no later than 2016 relevant for large enterprises.
What is required here?
The Council of the European Union has the end of September last year of respective adopted the directive on the disclosure of non-financial information and the diversity of large companies and corporations. The Member States now have two years to transpose the directive into national law.
The new rules only apply to companies in the public interest, which are publicly traded companies as well as banks and insurance companies with more than 500 employees as well as for large publicly traded companies that create a Corporate Governance Report.
These companies must disclose information on policies, risks and outcomes in terms of environmental issues, social and employee-related aspects, respect for human rights, fight against corruption and bribery, as well as diversity on the boards.