On 15 April 2014, the UK Government welcomed measures from the European Parliament which seek to improve the transparency of companies' non-financial reporting.  As a result, businesses' annual reports will need to include information on environmental, social and employee matters and any issues relating to human rights and bribery.  These disclosures are crucial for investors and of interest to customers as they help explain a company's developments in the past financial year and its strategy for the future.  The new framework which amends the new Accounting Directive will impact all large public companies.