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How does your Board of Directors cope with the 'Comply or Explain' principle ?
On 30 November 2015, GUBERNA, FEB and EY organized an expert working group around the 'comply or explain' principle.
In this working group, three concrete themes were discussed, namely:
- The application of the 'comply or explain' principle in general;
- The process that occurs in the Board of Directors regarding the establishment of the governance model and the Corporate Governance Statement;
- The European Commission's recommendation on the quality of corporate governance reporting ("comply or explain"), compared to the practical rules for high-quality explanations, developed by the Corporate Governance Committee.
This booklet brings together the main conclusions of the debate.