Activities of Wolf KLINZ related to 2011/0308(COD)
Plenary speeches (1)
Financial statements and related reports of certain types of undertakings - Transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market (debate)
Amendments (5)
Amendment 40 #
Proposal for a directive
Recital 33
Recital 33
(33) The reports should serve to facilitate governments of resource-rich countries in implementing the EITI Principles and Criteria and account to their citizens for payments such governments receive from undertakings active in the extractive industry or loggers of primary forests operating within their jurisdiction. The report should incorporate disclosures on a country and project basis, where a project is considered as the lowest level of operational reporting unit at which the undertaking prepares regular internal management reports, such as a concession, geographical basin, etc and where payments have been attributed to such projects. In the light of the overall objective of promoting good governance in these countries, the materiality of payments to bAs regards materiality, the reported should be assessed in relation to the recipient government. Various criteria on materiality could be envisaged such as payments of an absolute amount, or a percentage threshold (such as payments in excess of a percentage of a country’s GDP) and these can be defined through a delegated actexclude any payments that do not exceed EUR 100 000 or payments that have been attributed to a project with an overall cost of less than EUR 1 million for the forestry sector and EUR 25 million for all other sectors. The reporting regime should be subject to a review and a report by the Commission within fivthree years of the entry into force of the Directive. The review should consider the effectiveness of the regime and take into account international developments including issues of competitiveness and energy security. The review should also take into account the experience of preparers and users of the payments information and consider whether it would be appropriate to include additional payment information such as effective tax rates and recipient details, such as bank account information.
Amendment 97 #
Proposal for a directive
Article 37 – paragraph 2 a (new)
Article 37 – paragraph 2 a (new)
2a. The obligation referred to in paragraph 1 shall not apply in respect of any undertaking or entity that has a consolidated net turnover of less than EUR 500 million in the preceding financial year.
Amendment 153 #
Proposal for a directive
Article 38 – paragraph 3 a (new)
Article 38 – paragraph 3 a (new)
3a. The report shall exclude any payments that do not exceed EUR 100 000 or payments that have been attributed to a project with an overall cost of less than EUR 1 million for the forestry sector and EUR 25 million for all other sectors.
Amendment 178 #
Proposal for a directive
Article 39 – paragraph 3 a (new)
Article 39 – paragraph 3 a (new)
3a. The obligation referred to in paragraph 1 shall not apply in respect of any undertaking or entity that has a consolidated net turnover of less than EUR 500 million in the preceding financial year.
Amendment 181 #
Proposal for a directive
Article 40 a (new)
Article 40 a (new)