Lib Dem MEPs pave way for tough new rules on corporate transparency

Large oil, gas, diamond and logging companies will be obliged to disclose full information on all projects where payments to governmental authorities exceed a threshold of 100.000 Euros under new rules negotiated between MEPs and ministers from all 27 EU Member States last night.

The Leader of the Liberal Democrat delegation in the European Parliament, Fiona Hall MEP, who steered the legislation through the Development Committee and was a key MEP for the insertion of the county-by-country and project-by-project rule, commented: Continue reading