Latest news

Latest news

Eumedion alerts its members to AGM proposals Vopak N.V.

Eumedion alerts its members to AGM proposals Vopak N.V.News · 28-03-2024

Eumedion today alerted its members to two proposals put on the agenda by Vopak for its shareholders' meeting to be held on April 24. The proposals relate to the remuneration report and an amendment to the articles of association. Eumedion members' attention is drawn in particular to excessive termination benefits in the remuneration report. With regard to the proposal to amend the articles of association, Eumedion members' attention is drawn to the introduction of the possibility of holding the shareholders' meeting in a virtual-only format when the bill on this topic becomes law and to the increase in the capital threshold for shareholders to submit proposals for the AGM agenda. Eumedion has classified these proposals as 'controversial'. 


Since 2009, Eumedion has been alerting its members to AGM proposals of Dutch listed companies that deserve increased attention when determining voting behaviour. An alert partly enables an institutional investor to exercise its voting right at the AGM on an informed basis, as prescribed by the Dutch Corporate Governance Code. An alert is explicitly not a voting recommendation. Alerts are also sent to the major proxy advisory firms so that they have a clearer picture of Dutch market practices and may improve the proxy voting advice they give to their clients. Before issuing an alert, the company in question is requested to comment on the issues and concerns at stake. The comments will be incorporated in the final version of the alert, thereby further increasing the information value of the document. As announced in the 2024 Focus Letter, alerts will be made public starting this AGM season.

Eumedion calls for ‘relevance’ above ‘consistency’ for the classification of equity-like financial instruments

Eumedion calls for ‘relevance’ above ‘consistency’ for the classification of equity-like financial instrumentsNews · 20-03-2024

Eumedion welcomes most of the International Accounting Standards Board (IASB)’s proposals to improve presentation and disclosures related to financial instruments with the characteristics of equity (FICE). Eumedion is particularly pleased with the proposed requirement to disclose the maximum dilution that a FICE can cause to the number of common shares outstanding. Eumedion suggests extending this disclosure requirement to the potential dilutive effects on the number of voting rights.

 

The key concern Eumedion raises, relates to the proposed classification of FICE. The IASB proposes a consistent approach where the initial classification is not allowed to change over time, even if the characteristics do materially change. Eumedion attests that in such cases relevance should prevail over consistency. Relevance brings more clarity and limits the scope for gaming the standard.

 

Eumedion also proposes a more insightful presentation format for infrequent cases where a company has written a put-option on the shares of a subsidiary it does not fully own.

Eumedion supports draft ESMA enforcement guidelines for sustainability information

Eumedion supports draft ESMA enforcement guidelines for sustainability informationNews · 14-03-2024

Eumedion commends the European Securities and Markets Authority (ESMA) for proposing draft Guidelines on Enforcement of Sustainability Information (GLESI) that are on an equal footing with ESMA’s existing Guidelines on Enforcement of Financial Information (GLEFI). This follows from Eumedion's comments on the draft guidelines, submitted today.


This is necessary as both types of information form crucial inputs for investors’ decisions to trade, vote, or engage with listed companies. Eumedion further sees a critical role for ESMA in coordinating a uniform interpretation and enforcement of the European Sustainability Reporting Standards by the National Competent Authorities across the entire European Union. 

Eumedion alerts its members to AGM proposal Alfen N.V.

Eumedion alerts its members to AGM proposal Alfen N.V.News · 13-03-2024

Eumedion today alerted its members to a proposal to amend the articles of association of Alfen N.V. that is on the agenda for the annual general meeting (AGM) to be held on April 9. The proposal relates to the introduction of the possibility to hold shareholders' meetings in a virtual-only format when the bill on this topic becomes law. Eumedion has classified this proposal as 'controversial'.


Since 2009, Eumedion has been alerting its members to AGM proposals of Dutch listed companies that deserve increased attention when determining voting behaviour. An alert partly enables an institutional investor to exercise its voting right at the AGM on an informed basis, as prescribed by the Dutch Corporate Governance Code. An alert is explicitly not a voting recommendation. Alerts are also sent to the major proxy advisory firms so that they have a clearer picture of Dutch market practices and may improve the proxy voting advice they give to their clients. Before issuing an alert, the company in question is requested to comment on the issues and concerns at stake. The comments will be incorporated in the final version of the alert, thereby further increasing the information value of the document. As announced in the 2024 Focus Letter, alerts will be made public starting this AGM season.

Eumedion co-signs ICGN letter on overhaul of UK corporate governance rules

Eumedion co-signs ICGN letter on overhaul of UK corporate governance rulesNews · 09-02-2024

Eumedion has co-signed the International Corporate Governance Network (ICGN)'s Statement raising concerns from investors globally on regulatory proposals which could weaken UK corporate governance standards and shareholder protections.


ICGN has cautioned against proposals, issued by the UK Financial Conduct Authority, to replace the current ‘standard’ and ‘premium’ stock exchange segments with a single listing category, to remove shareholder votes prior to significant transactions and related party transactions, and allow dual-class shares with very few investor protection safeguards. ICGN contends that these proposals will expose investors to undue risk, with potentially significant implications for underlying beneficiaries including pensioners, insurance, and retail investors’ savings.

EFRAG’s Value Chain Implementation Guidance should properly reflect existing exemptions for certain investment activities

EFRAG’s Value Chain Implementation Guidance should properly reflect existing exemptions for certain investment activitiesNews · 02-02-2024

The relevance of value chain disclosures triggered by ‘business relationships’ is generally evident. However, the Corporate Sustainability Reporting Directive (CSRD), the upcoming Corporate Sustainability Due Diligence Directive (CSDDD) and the Sustainable Finance Disclosure Regulation (SFDR) already make valid exemptions in specific cases of ‘business relationships’ resulting from financial assets like loans and equity investments. These exemptions concern investments in alternative investment funds (AIFs), Undertakings for Collective Investment in Transferable Securities (UCITS) and investments managed under individual discretionary portfolio management agreements. In today submitted comment letter, Eumedion asserts that EFRAG’s Value Chain Implementation Guidance should incorporate these exemptions and thereby safeguard consistency between CSRD, CSDDD and SFDR requirements.

Eumedion publishes 2024 Policy Plan

Eumedion publishes 2024 Policy PlanNews · 22-12-2023

Last week, the Eumedion Members' Meeting adopted the Eumedion 2024 Policy Plan. The policy plan provides an overview of Eumedion's many activities and work in the coming year. 



The key focus areas for 2024 are: (i) the implementation of the Corporate Sustainability Reporting Directive in Duch legislation, (ii) the introduction of a permanent legal basis to hold virtual-only shareholders' meetings, (iii) the European Shareholder Rights Directive Review, (iv) preparing a position paper on the 'societalisation' of large companies and institutional investors and (v) the implementation of the 2024 Eumedion Focus Letter by Dutch listed companies

Eumedion publishes revised Corporate Governance Manual

Eumedion publishes revised Corporate Governance ManualNews · 15-12-2023

Eumedion has updated its Corporate Governance Manual, following the entry into force of new laws and regulations, the entry into force of the revised Corporate Governance Code and case law. No substantial changes were made to the voting guidelines. 

Eumedion members take the Manual into account when determining their voting behaviour at the shareholders’ meetings of Dutch listed companies. It is also used in decision-making within Eumedion to alert its members regarding a controversial voting item on the agenda of a shareholders’ meeting of a Dutch listed company. These ‘alerts’ will be made publicly available from the 2024 AGM season onwards.

Eumedion: further alignment between SFDR and CSRD disclosure frameworks is essential

Eumedion: further alignment between SFDR and CSRD disclosure frameworks is essentialNews · 14-12-2023

The sustainability disclosures under the Sustainable Finance Disclosure Regulation (SFDR) could be more effective if certain shortcomings are addressed. Eumedion writes this today in response to the targeted SFDR consultation initiated by the European Commission. The Commission aims to gather stakeholder feedback on the implementation and any potential shortcomings of the SFDR framework, including in its interaction with the other parts of the European framework for sustainable finance, and in exploring possible options to improve the framework.


Eumedion identifies various shortcomings that hamper the effectiveness of SFDR disclosures. Next to issues with regard to data availability, data quality and definitions, problems occur due to misalignment between the Corporate Sustainability Reporting Directive (CSRD) and SFDR principles, most notably in the area of ‘materiality’ of the information to be disclosed. The principle of double materiality is a foundational element under the CSRD, whereas this is not the case under the SFDR. Also, the limited comparability between article 8 and article 9 products, as well as between article 6 on the one hand and articles 8/9 on the other is noted. Another issue concerns the limited requirements in the area of ‘governance’ (minimum) requirements, which is an on-going issue in the broader EU sustainable finance package. Eumedion also points out that the SFDR disclosures in its current form do not adequately recognise and support the important issues related to the various sustainability transitions. Many of these issues were also noted in Eumedion’s July 2023 response to the Joint Consultation Paper on the SFDR, initiated by the European Supervisory Authorities. 


Lastly, while Eumedion recognises there is a demand for ESG product categorisation or labelling, Eumedion is hesitant to encourage the European Commission to go down that road, as the complexity involved and effort required will probably not outweigh the potential benefits. Rather, Eumedion would favour a more simplified approach, namely by introducing for all financial products a limited set of mandatory indicators, of which also the development over time could then easily be tracked and presented as such. This will allow clients and beneficiaries to gain an easy understanding of sustainability performance on various key issues.

Eumedion: assurance report on sustainability information should include key assurance matters

Eumedion: assurance report on sustainability information should include key assurance mattersNews · 01-12-2023

An assurance report on sustainability should include should include ‘Key Assurance Matters’, similar to the requirement that an audit report includes ‘Key Audit Matters’. Inclusion of Key Assurance Matters will increase the information value of the assurance report for users, such as investors, employees and non-governmental organisations (NGOs). Eumedion advocates this in its response to the International Audit and Assurance Standards Board (IAASB) proposal for an international standard on sustainability assurance.


Eumedion further remarks that audit and assurance standards need to safeguard that the assurance on sustainability reporting and the audit of financial reporting are not conducted in isolation. Auditors should consider insights gained during their work on a company’s sustainability reporting in their financial audit, and vice versa. For example, key assumptions related to net zero commitments, need to be consistent throughout a company’s annual report. 


Eumedion’s response also warns against dilution of the terms ‘limited assurance’ and ‘reasonable assurance’ when applied to sustainability reporting. The question is raised whether additional levels of assurance are needed to better convey to stakeholders what assurance entails, irrespective of which report it concerns.


Eumedion is a proponent of defining ‘fraud’ to explicitly include corruption in audit and assurance standards. Such elevation would be beneficial for the rigour with which assurance is conducted and elevates corruption from a event of ‘non-compliance with laws and regulations’ to fraud. 

Eumedion designates 'remuneration policy' and 'tax transparency' as focus points for the 2024 AGM season

Eumedion designates 'remuneration policy' and 'tax transparency' as focus points for the 2024 AGM seasonNews · 12-10-2023

Eumedion expects all Dutch listed companies to base a substantial portion of the variable remuneration elements on stretching sustainability goals that are material to the company. These goals should be sufficiently challenging, measurable and auditable. 


This request is incorporated in the Focus Letter 2024 that Eumedion has sent to all Dutch listed companies. The Focus Letter contains the topics that tend to be discussed in the dialogues Eumedion facilitates between Dutch listed companies and Eumedion members in the run-up to the 2024 shareholders’ meetings. Eumedion also expects companies to report on these topics in their annual reports over financial year 2023.


Eumedion has selected the topic of 'remuneration policy' as focus point, as many listed companies will have to 'refresh' their remuneration policy at the 2024 AGM. Eumedion further requested Dutch listed multinationals to sign the 'Dutch Tax Governance Code' and to apply it to the best of their ability. In particular, Eumedion expects Dutch listed multinationals to break down their tax payments by country where they have operations (‘country by country tax reporting'). In a separate letter, Eumedion requested the six largest audit firms to make their presentations for AGMs more informative. In this context, they are urged to apply as much as possible the revised Practice Note on the position of the external auditor in the general meeting’. This Practice Note was developed by the Royal Netherlands Institute of Chartered Accountants earlier this year.

Eumedion supports revised NBA Practice Statement on External Auditor and Corruption

Eumedion supports revised NBA Practice Statement on External Auditor and CorruptionNews · 02-10-2023

Eumedion supports the proposal for a revised Practice Statement from The Royal Netherlands Institute of Chartered Accountants (NBA) on the role of the external auditor in corruption. In its response submitted today, Eumedion emphasises the importance of transparency regarding corruption risks and the effectiveness of anti-corruption policies. 


Corruption is not only a crime, it also undermines the business and investment climate of countries, it rewards and strengthens individuals who profit unlawfully, and corruption can even initiate the decline of states. Companies involved in corruption not only face potential liabilities and reputational risks but also risk losing access to capital from long-term investors. Eumedion observes that there is a lack of transparency on corruption risks, anti-corruption policies and the effectiveness thereof in the annual reports of publicly listed companies. Eumedion sees a crucial role for the external auditor, supported by the proposed Practice Statement, to improve transparency by companies on corruption. The draft Practice Statement does need further refinement in some areas and, in Eumedion's view, will only be complete when it substantially contributes to enriching the insight and the justified trust of investors in corporate reporting on the effectiveness of the anti-corruption policies. 

Eumedion wants more attention for investor protection in European Listing Act package

Eumedion wants more attention for investor protection in European Listing Act packageNews · 28-09-2023

In the run-up to the European Parliament's vote on the European Listing Act package, Eumedion asks attention for the importance of investor protection. This follows from the statements sent today by Eumedion about the proposals in this area.


In December 2022, the European Commission published a series of proposals to make public markets more attractive to EU companies and to facilitate access to capital for small and medium-sized enterprises. In March of this year, Eumedion submitted three statements which, in short, indicate that Eumedion generally supports the proposals from the European Listing Act package and believes that these proposals should not go at the expense of investor protection. The European Parliament's rapporteur has published draft reports on the proposals in the European Listing Act package and several Members of the European Parliament have tabled amendments to those reports. In the run-up to the European Parliament's vote on the proposals from the European Listing Act package, Eumedion has once again asked attention for the importance of investor protection.


Against this background, Eumedion reiterates the message that the European Commission's proposal to make it possible for certain companies to issue shares with multiple voting rights is unnecessary and undesirable. Eumedion points out that it is not in favour of expanding the aforementioned option to companies that seek a listing on a regulated market. If the European legislators do proceed with the proposal, Eumedion supports the amendments that provide additional safeguards for shareholders in both companies that introduce multiple voting rights and those that already have them. In addition, Eumedion indicates that it is not in favour of increasing the limit for the prospectus exemption for secondary issuances, of the proposals that will reduce the ability to monitor market abuse and of the proposals that would reverse the increase proposed by the European Commission of the limit for application of the 'unbundling rules'. Furthermore, Eumedion supports the proposals that ensure that investors are better protected, that the prospectus gains information value, that maintain the scope of the current obligation to disclose inside information and that give ESMA a central role in developing a single European code of conduct regarding issuer sponsored research.

Eumedion's Priorities for the ISSB: Human Rights, Integrated Reporting and Governance

Eumedion's Priorities for the ISSB: Human Rights, Integrated Reporting, and GovernanceNews · 31-08-2023

Eumedion urges the International Sustainability Standards Board (ISSB) to prioritise the development of new thematic standards in the areas of human rights and integrated reporting. In addition, Eumedion suggests that the existing and anticipated future governance requirements for each thematic standard should be complemented by a separate set of reporting standards focused on the governance of the entity as a whole. These views are expressed in Eumedion's response to the ISSB Consultation on its Agenda Priorities.


Subsequently, the ISSB should proceed with establishing standards on human capital and biodiversity. Eumedion also emphasises the importance of continuous support for companies as they work to implement ISSB standards. Such support is crucial for encouraging the largely voluntary global adoption of ISSB reporting standards.

Eumedion points out areas of concern in proposed regulation for ESG rating activities

Eumedion points out areas of concern in proposed regulation for ESG rating activitiesNews · 24-08-2023

Strict requirements for providers of ESG ratings should not hinder the continuous need for innovation in the ESG rating industry. Eumedion writes this today in its response to the European Commission’s proposal for a regulation on the transparency and integrity of ESG rating activities, which was published on 13 June.


Even though Eumedion preferred a targeted EU intervention based on a self-regulation approach (as stated in the June 2022 response to the European Commission’ consultation), the proposal lays down a regulation providing for a strict registration and authorisation process. Eumedion not only points out that such strict requirements should not hinder innovation, but that it is also paramount that potential exemptions to requirements for small or medium-sized undertakings should not compromise on the general principles targeting the quality and integrity of ratings. Other issues in the proposal concern the benefits of further alignment within the wider EU sustainable finance framework, suggestions to prevent unintentionally capturing asset managers within the scope of the regulation, strengthening the requirements for engagement with rated entities, and a further specification of the separation of potentially conflicting activities (such as advisory). Lastly, while Eumedion supports excluding from the scope of the proposed regulation the provision of raw ESG data that do not contain an element of rating or scoring, minimum transparency requirements for these ESG data providers is warranted, e.g. focusing on transparency around data sourcing and/or methodologies for estimates. Such a targeted intervention should be based on a self-regulatory approach, such as a code of conduct.

Eumedion issues a statement with six key messages for the CSDDD negotiations

Eumedion issues a statement with six key messages for the CSDDD negotiationsNews · 27-07-2023

In light of the trilogue on the Corporate Sustainability Due Diligence Directive (CSDDD), Eumedion has today issued a statement outlining several key messages for the negotiations between the European Parliament, the European Council and the European Commission. These key messages seek to ensure both a sufficient level of ambition and a practical implementation alongside similar requirements already in place for the financial sector.


First of all, Eumedion encourages optimal alignment between the European sustainable finance legislative initiatives. Specifically, the application of the directive should be aligned with the reporting obligations under the Corporate Sustainability Reporting Directive. However, from a sustainability impact perspective, a lower threshold for high-risk sectors is warranted.


Eumedion would also like to see a sufficient level of ambition regarding climate action. Specifically, this means introducing the requirement for companies to have a climate transition plan, and for the European legislators to include adverse climate impacts in the scope of the due diligence requirements. Furthermore, Eumedion is of the opinion that directors of companies should take into account the consequences of their decisions for sustainability matters when fulfilling their duty to act in the best interest of the company. This would require the introduction of directors’ sustainability duties into the directive. Mindful of the fact that companies may not be able to effective deal with all adverse impacts in the supply chain at once, Eumedion also calls on the negotiators to allow for a prioritisation of impacts.


Lastly, Eumedion underlines the importance of avoiding regulatory overlap for the financial sector. Ideally, Eumedion would like to completely avoid fragmentation and overlap, by regulating due diligence activities and reporting requirements for financial market participants by the CSDDD and CSRD on the one hand (for their own operations and activities involving (in)direct business relationships), and on the other hand by the SFDR (due diligence and reporting requirements regarding investments in investee companies). If this is not possible, then Eumedion suggests an alternative approach to avoid overlap in reporting and due diligence for institutional investors.

Large investors push for more effective chairing of shareholders’ meetings

Large investors push for more effective chairing of shareholders’ meetingsNews · 17-07-2023

The Chair of the (Supervisory) Board should run the shareholders' meeting much more effectively. He or she should not shy away from maximising shareholders' speaking time and setting a maximum time limit for a particular topic. In order to pick up signals from society at an early stage, listed companies should also ensure that the stakeholder dialogue is better structured than at present. Eumedion issues these recommendations in its evaluation report of this year's shareholders' meetings, published today. In it, Eumedion notes that a number of shareholders’ meetings of large listed companies were disrupted by climate activists. This caused long meetings, several suspensions and deliberations that were mainly limited to the climate policy and targets of these companies. This was at the expense of careful consideration of other topics important to the company and its stakeholders.

 
Eumedion expects that various action groups will also show an interest in attending the shareholders’ meetings of large listed companies in the near future. This demonstrates the importance these organisations attach to the shareholders’ meeting and the topics discussed there. Eumedion welcomes this wider interest and discussion at the general meetings, if these stakeholders respect the meeting order and leave enough room for other meeting attendees to participate in the debate. Eumedion sees no reason in the events this AGM season to question the shareholders’ rights to attend and to speak at general meetings or to switch to virtual-only meetings.


Eumedion further notes that the number of management resolutions that evoked resistance among shareholders was much lower this year than in 2022. The number of resolutions that met more than 20% dissent votes or were removed from the agenda shortly before the AGM fell by almost 50% to 32 this year. That is only 3% of the total number of resolutions on the agenda. The number of rejected resolutions fell from ten in 2022 to eight this year. According to Eumedion, these statistics indicate that Dutch listed companies are increasingly taking into account the views of (large) investors already when preparing the resolutions. Another possible factor is that shareholders are increasingly holding executive and supervisory directors personally responsible for a resolution that meets strong resistance. They are increasingly willing to then vote against the discharge and/or (re)appointment of directors. This trend is clearly visible this AGM season.


Eumedion further notes in the report that external auditors are increasingly fulfilling their disciplining role, but that transparency and accountability on the audit conducted need further improvement.


The other highlights of the 2023 AGM season are:

- The vast majority of Ducht listed companies (78%) held the general meeting entirely in-person this year. The remaining 22% also offered shareholders the opportunity to participate in the general meeting via digital tools. No virtual-only AGMs were held this year as the 'Covid Emergency Act' expired on 1 February 2023, just before the start of the 2023 AGM season. 

- Executive remuneration remains the most debated topic prior to and at the AGM: 41% of all resolutions that met more than 20% dissent votes related to this topic.

- The number of shareholders voting at AGMs continues to increase. The average number of votes cast at the AGMs of both AEX and AMX companies reached a new record this year: almost 80% at AEX companies and over 75% at AMX companies.The number of women on the supervisory boards of Dutch listed companies has increased further this season and now stands at an average of 43% among AEX companies and 40% among AMX companies, well above the statutory quota of 33%. 

- The number of female executive directors lags far behind this, averaging 22% at AEX companies and 12% at AMX companies. Even worse is the ethnic diversity in the boardrooms of Dutch listed companies.

- Biodiversity, human rights, value chain responsibility and tax policy and transparency are topics that are increasingly debated at the AGM, but the information about these topics in the annual reports of listed companies often still lags far behind the European reporting requirements that will come into force from the 2024 financial year. 

ESRS proposal is an important milestone, but further improvements are needed

ESRS proposal is an important milestone, but further improvements are neededNews · 07-07-2023

Eumedion welcomes the European Commission’s proposal for the European Sustainability Reporting Standards (ESRS). In its comment letter, published today, Eumedion points out a few areas that need further improvement, and which are also addressed by the joint statement, issued today by Eurosif, UNPRI, UNEP, IIGCC and EFAMA, and co-signed by Eumedion.


One of Eumedion’s key concerns is the alignment with the Sustainable Finance Disclosure Regulation (SFDR), which unintentionally hampers the quality and decision-usefulness of both the ESRS and the SFDR disclosures. Eumedion points out that a coherent joint evaluation of the disclosure requirements under both frameworks is crucial to address the fundamental drivers of these issues. Also, the so-called interoperability between the ESRS and the international sustainability reporting standards recently issued by the IFRS Foundation requires on-going attention by the European Commission.


Additionally, Eumedion finds that a brief explanation of the conclusions of the materiality assessment should be made mandatory. This contributes to stakeholders understanding what criteria and reasoning was used to construct the materiality assessment, which ultimately determines which topics are, and which topics are not, addressed in the sustainability statements. The climate and own workforce standard should, however, be exempt from the materiality assessment and be mandatory for all companies, due to the societal urgency or the basic information needs served by these standards. Finally, Eumedion points out deficiencies in the area of ‘governance’ factors, which are insufficiently covered not only in the ESRS, but also in the broader European sustainable finance initiatives.

Eumedion advises against a one-sided revision of SFDR reporting requirements

Eumedion advises against a one-sided revision of SFDR reporting requirementsNews · 04-07-2023

Eumedion calls on the European Supervisory Authorities to - for now - limit the amount of changes to the reporting requirements under the Sustainable Finance Disclosure Regulation (SFDR), as shows the consultation response to the ‘Joint Consultation Paper on the Review of SFDR Delegated Regulation regarding PAI and financial product disclosures’, published today.


While Eumedion strongly agrees with various proposed indicators, such as the one targeting accumulated earnings in non-cooperative tax jurisdictions, Eumedion above all indicates the need for a comprehensive, joint evaluation of the reporting requirements under the upcoming European Sustainability Reporting Standards and the SFDR requirements. As they stand, there is a real risk of negative impact on the quality and decision-usefulness of both these disclosure initiatives, caused among others by a difference in reporting principles. Eumedion cautions against a one-sided adjustment to the SFDR framework as an insufficient means to address these underlying issues. In due time, a comprehensive review should also address the insufficient inclusion of governance factors in the various European sustainable finance initiatives. Finally, Eumedion also points out that the availability of data is an on-going issue.

Eumedion publishes 2022 Annual Report

Eumedion publishes 2022 Annual ReportNews · 29-06-2023

During its today's meeting, the Eumedion Members Meeting approved the 2022 Eumedion annual accounts and discharged the Eumedion board members from their duties over financial year 2022. 



Following the example of listed companies, Eumedion's external auditor (KPMG) provided a long-format auditor's report to the annual accounts. Together with the annual accounts, the board report for the 2022 financial year was also published. The board report provides an overview of all activities carried out by Eumedion in 2022.

Show more results Arrow