[scroll down to Tuesday 16 Apr entry] On 16 April, the European Commission will adopt a proposal for a directive enhancing the transparency of certain large companies on social and environmental matters. Companies concerned will need to disclose information on policies, risks and results as regards environmental matters, social and employee-related aspects, respect for human rights, anti-corruption and bribery issues, and diversity on the boards of directors...[T]he requirements of the existing legislation have proved to be unclear and ineffective and applied in different ways in different Member States. Currently, fewer than 10% of the largest EU companies disclose such information regularly. Yet it is well known that companies which are transparent deliver consistently higher economic performances over time, have lower financing costs, attract and retain talented employees, and ultimately are more successful. Investors and consumers also increasingly demand this kind of information...This legislative proposal seeks to improve the situation EU-wide.