Information obligation within non-financial reporting versus loyalty of a member of the statutory body
Abstract
The aim of the article was to present the conflict of societal interests in the field of environmental and social responsibility and the individual interests of business corporations, which should be protected and supported by their statutory bodies (or members of their statutory bodies), using the example of the information obligation within the so-called non-financial reporting. Currently, this information obligation mainly stems from Act No. 563/1991 Coll., on Accounting (transposition of Directive 2014/95/EU of the European Parliament and of the Council of 22 October 2014).
The article also takes into account the changes related to the disclosure of non-financial (now sustainability) information introduced by Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022, which is to be implemented into national law by 6 July 2024.