The Austrian Rechnungslegungsänderungsgesetz (ReLÄG) accounting law enables the transposition of the EU Modernisation directive (2003/51/EC) into national law. The ReLÄG amended §243 of the Unternehmensgesetzbuch (UGB) or Commercial Code which stipulates the content of annual reports. §243b requires the annual publication of a Corporate Governance Report.
Industry sectors covered by the instrument
Organizations covered by the instrument
Large companies (listed & unlisted)
Type of instrument
Mandatory or voluntary
The geographical scope