Committee Reports > List of Committees > Joint > 1985 > Committee on the Secondary Legislation of the European Communities (4th Committee) > Report No. 19 - Workers' Consultation and Information Rights

APPENDIX 2

Extract from

O E C D GUIDELINES ON DISCLOSURE OF INFORMATION

“Enterprises should, having due regard to their nature and relative size in the economic context of their operations and to requirements of business confidentiality and to cost, publish in a form suited to improve public understanding a sufficient body of factual information on the structure, activities and policies of the enterprise as a whole, as a supplement, in so far as necessary for this purpose, to information to be disclosed under the national law of the individual countries in which they operate. To this end, they should publish within reasonable time limits, on a regular basis, but at least annually, financial statements and other pertinent information relating to the enterprise as a whole, comprising in particular:

i)the structure of the enterprise, showing the name and location of the parent company, its main affiliates, its percentage ownership, direct and indirect, in these affiliates, including shareholdings between them;

ii)the geographical areas where operations are carried out and the principal activities carried on therein by the parent company and the main affiliates;

iii)the operating results and sales by geographical area and the sales in the major lines of business for the enterprise as a whole;

iv)significant new capital investment by geographical area and, as far as practicable, by major lines of business for the enterprise as a whole;

v)a statement of the sources and uses of funds by the enterprise as a whole;

vi)the average number of employees in each geographical area;

vii)research and development expenditure for the enterprise as a whole;

viii)the policies followed in respect of intra-group pricing;

ix)the accounting policies, including those on consolidation, observed in compiling the published information”.

EXTRACT FROM O E C D GUIDELINES ON EMPLOYMENT AND INDUSTRIAL RELATIONS

“2. a)provide such facilities to representatives of the employees as may be necessary to assist in the development of effective collective agreements.

b)provide to representatives of employees information which is needed for meaningful negotiations on conditions of employment;

3.provide to representatives of employees, where this accords with local law and practice, information which enables them to obtain a true and fair view of the performance of the entity or, where appropriate, the enterprise as a whole.”