The Transparency Act requires businesses that are covered by the legislation to carry out due diligence assessments of their suppliers. In the due diligence assessments, the businesses must investigate potential and actual negative consequences on basic human rights and decent working conditions. Furthermore, an explanation of the findings must be prepared and published on the … Read more
IFRS 16 is an accounting standard introduced by the International Accounting Standards Board (IASB) and which came into force on 1. January 2019. It replaced the accounting standard IAS 17. But what is IFRS 16, and why does it exist? The accounting standard establishes principles for how companies should account for and report lease agreements … Read more
IFRS 16 was introduced by the International Accounting Standards Board (IASB) in 2019. The accounting standard has led to significant changes in the way companies must account for their leases. The biggest change is that the companies that report according to IFRS must now balance most leases, which means accounting for more variables than in … Read more
So far in 2023, seven companies have been listed on the Oslo Stock Exchange, the last of which was Norconsult. On Euronext, which is part of the Oslo Stock Exchange, 55 companies have been listed on the stock exchange. All these businesses are required to account for leasing and rental agreements in the accounts according … Read more
The purpose of the Openness Act is to give the general public access to information about how human rights and working conditions are handled by Norwegian businesses, this includes the law’s information requirements. The law must also give businesses awareness of their influence on negative consequences for suppliers and business partners. Information requirements in the … Read more
The Transparency Act has three main duties, the first is to carry out due diligence assessments of suppliers in order to promote businesses’ respect for basic human rights and decent working conditions, as well as ensure the public’s access to information. The next is the duty to provide information if someone requests information and finally … Read more
There is still uncertainty around the Transparency Act, how to carry out a due diligence assessment according to the Transparency Act and what is the duty of businesses. In this article, we want to illustrate how you can easily carry out, process and process due diligence assessments of your suppliers. What is a due diligence … Read more
We constantly get questions from companies we are in contact with, whether there are templates for the Transparency Act as well as guides for handling the Transparency Act. We at Share Control have therefore spent a lot of time developing material such as templates and guides, to make it easier for our customers to enforce … Read more
In an increasingly digital world, there are still companies that believe that storing contracts on different platforms and on their own machines gives the best control. This is a claim we want to disprove in this article by showing some of the benefits you get from digitizing contract management. Why digitize contract management? Have you … Read more
What is the Transparency Act? The Transparency Act is a Norwegian law that entered into force on 1 July 2022. The law obliges medium-sized and larger businesses to map the risk of human rights violations throughout their supply chain. The law also requires the businesses to report on the findings and to rectify any damage. … Read more
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