On 13 December, the EU Permanent Representative Committee (COREPER I) mandated the Lithuanian Presidency to engage in informal trialogue negotiations with the European Parliament on the Directive amending the current Accounting Directive with a view to progressing towards a final agreement on the text. This Directive concerns the disclosure of non-financial and diversity information by certain large companies and groups and its aim is to increase the relevance, consistency, and comparability of non-financial information published by undertakings across the European Union.

The proposal will require large listed undertakings, whose number of employees exceeds 500, on a "comply or explain" basis, to publish a non-financial statement in their management report or separately. The disclosed non-financial information will cover environmental, social, and employee-related matters, respect of human rights, anti-corruption and bribery matters. It will also require the inclusion of a description of the policies pursued, their outcomes and the risks related to those matters. The amendment will also require large listed companies to provide in their corporate governance statement the information on their policy relating to diversity of competences and views of the members of administrative, management and supervisory bodies.