"Press Release: Parliament Committee Sets the Tone for Europe’s Debate on Multinational Transparency", 7 May 2015

In another move that places Europe at the forefront of the financial transparency wave, the Legal Affairs (JURI) Committee of European Parliament voted in favor of a Shareholders Rights Directive that includes a requirement for multinational corporations (MNCs) to publicly report financial information on a country by country level...“This kind of detailed corporate reporting can help to flag up possible corruption by shedding a light on special arrangements between companies and governments.” said Nienke Palstra, Senior Policy Officer with Transparency International EU. “It will also improve the accountability of companies to the citizens of the countries where they make their profits.”..