On 23rd February, the European Commission published a proposal for a Directive on Sustainable Corporate Governance (please find the press release here). Among other things, the proposal imposes due diligence requirements covering human rights and environmental impacts on companies, and it applies to these companies’ operations, as well as their subsidiaries and their value chains, worldwide (both direct and indirect suppliers). The proposal also introduces directors’ duties to establish and monitor the implementation of their company’s due diligence. Under the current proposal, the due diligence requirements in this regulation are set to have a major impact on the companies under its scope (and possibly it will have a degree on impact on companies outside of its scope).
Given this regulation’s significance for the global operations of European companies, the European Chamber has invited Ms Orsolya Csorba, Counsellor for Competition, Justice and Consumer Policy at the Delegation of the European Union to China to provide a debriefing on the Commission’s proposal. Ms Csorba will provide the debriefing onsite in Beijing on Thursday, 31st March from 10:00AM to 11:00AM. Members wishing to attend online will be provided a Zoom link.
Agenda
9:30-10:00 Registration and networking (onsite Beijing)
10:00-10:05 Opening Remarks
10:05-10:30 Presentation of the Commission proposal
10:30-11:00 Discussion and Q&A