Estonian lawmakers are balking at a proposed directive coming out of the European Union that would require large companies to disclose non-financial and diversity information.
The directive, put forward as an amendment to accounting rules, calls on large companies with over 500 employees to provide the additional information as a way to provide more transparency and increase trust among investors and stakeholders. That non-financial information would include details about boardroom diversity, anti-bribery and anti-corruption measures and human rights issues. Estimates about the number of companies that would be subject to the new rule hover around 18,000 large businesses.
