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European companies face stricter reporting regime following Wirecard collapse

Ms McGuinness will launch a public consultation after the summer looking at company audit committees, the outside auditors who sign off on financial figures companies publish and the regulators who supervise them.
It will examine whether responsibilities of company board members to provide accurate financial reports are defined clearly enough.
The consultation will reflect on how to improve the role of company audit committees and whether they should be mandatory.
Ms McGuinness said supervisors for auditors across the EU had found problems with internal quality control systems.
They also found a lack of or inappropriate monitoring of high-risk audited entities and insufficient audit evidence and documentation, she added. ....

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Covid-19: Greece to lift quarantine rule for travellers from UAE, UK and US

We will gradually lift the restrictions at the beginning of next week ahead of the opening on Friday, May 14, a senior tourism ministry official told Reuters on condition of anonymity.
The official said citizens from the EU, the US, Britain, Serbia, Israel and the UAE will be allowed to travel to Greece via the airports of Athens, Thessaloniki, Heraklion, Chania, Rhodes, Kos, Mykonos, Santorini and Corfu, and two border crossings.
Passengers from those countries will not be quarantined, as long as they prove that they have received two doses of a Covid-19 vaccine or show a negative PCR test carried out 72 hours prior to their arrival, the official said, adding the tourists would be subject to domestic lockdown restrictions. ....

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Millennials effect change on corporate behaviour in the US

A number of companies say it disenfranchises some voters. Some, such as Delta Air Lines and Coca-Cola, are based in Georgia, where state lawmakers have the power to raise state taxes. Delta chief executive Ed Bastian said in a public memo that his decision to speak out was informed by discussions with leaders and employees in the Black community.
The companies criticising the law so far represent a sliver of the US business landscape. Yet they are part of a growing group of companies shedding their reluctance to speak out on politically controversial social issues that matter to many of their employees and customers globally, business leaders interviewed by ....

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Rubbish collected from Mount Everest to be transformed into artworks

“We want to showcase how you can transform solid waste to precious pieces of art … and generate employment and income,” said Gustafsson. “We hope to change the people’s perceptions about the garbage and manage it.
The centre is located at an altitude of 3,780 metres at Syangboche on the main trail to Everest base camp, two days walk from Lukla, the gateway to the mountain.
It is due for “soft opening” to locals in the spring as the number of visitors could be limited this year
because of pandemic restrictions, Gustafsson said.
Products and artwork will be displayed to raise environmental awareness, or sold as souvenirs with the proceeds going to conservation of the region, he said. ....

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