Content of periodic disclosure
Content of periodic disclosure
Periodic information should cover all aspects of the business. It includes information on the likely trend in sales, orders, production, costs and production costs, inventory, production and employment.
The timely disclosure
A timely disclosure is provided to the works council when events occur or when decisions could have a major impact on the business are adopted. This information must be given as soon as possible and if a decision of the entrepreneur, before it is put into execution.
The regulation cites several examples of important events: a fire in a department of the company, a takeover of the aggressive management of the company, a merger …
Documents sent to shareholders
In companies, the director shall submit to the Board of all corporate documents sent to shareholders.
The company auditor
One or more company auditors should be appointed in any company with a board of business except in subsidized schools.
The auditor attends the meetings devoted to basic information and annual basis. He also attends meetings at the request of the management authority or the majority of workers’ delegates. It may also be invited to the preparatory meetings of representatives of workers. It receives copies of economic and financial information and the agenda and minutes of meetings at which these economic and financial information are provided.