MCRB Encourages the US Government to Maintain Reporting Requirements for US Companies

On the eve of the visit of State Counsellor Daw Aung San Suu Kyi to Washington, MCRB has written to US Secretary of State John Kerry to encourage the maintenance of a requirement on US companies investing in oil and gas in Myanmar or more than US$5 million to report on the nature of their investment.

MCRB recognises that it would be preferable if all companies regardless of nationality were subject to similar transparency requirements.  For this reason, we have proposed that as part of the reform of the Myanmar Investment Law it should be a requirement for all companies in receipt of a Myanmar Investment Commission (MIC) Permit to publish an annual sustainability report on their investment and establish an operational grievance mechanism which meets the eight effectiveness criteria of the UN Guiding Principles on Business and Human Rights.

MCRB also submitted comments to the State Dept in January 2016 as part of a consultation on the Reporting Requirements.

အထက်ပါအကြောင်းအရာနှင့်ပတ်သတ်၍ ဆက်လက်ဖတ်ရှုလိုပါက

• ၂၀၂၂ ခုနှစ် ပွင့်သစ်စ/ မြန်မာနိုင်ငံရှိ စီးပွားရေးလုပ်ငန်းများ၏ ပွင့်လင်းမြင်သာမှု အစီရင်ခံစာ
• ၂၀၂၀ ပြည့်နှစ်ပွင့်သစ်စ/ မြန်မာကုမ္ပဏီများ၏ ပွင့်လင်းမြင်သာမှု အစီရင်ခံစာတွင် uab bank ဦးဆောင်
• ၂၀၂၀ ပြည့်နှစ် ပွင့်သစ်စ စီမံချက်
• Corporate Disclosure in Myanmar – Regulatory Requirements and Sustainability Leadership
• Disclosure of Company Information Leads to Better Business Reporting and a Better Investment Climate

Share:

ယခင်

Myanmar Companies Need to Catch Up With Evolving Disclosure Requirements

နောက်တစ်ခု

MCRB trains Companies on ’Developing a Human Rights Policy’