Speech by director Rolf Skog given on 27 Oct 2022 at the conference Nuevas Obligaciones de los Administradores de las Sociedades de Capital, organized by Ilustre Colegio Notarial de Madrid.

Corporate governance and business have an important role to play in the green transition and sustainability. There are however serious risks tied to the enforcement of corporate governance standards that are not carefully crafted, such as parts of the COM:s proposal for a Corporate Sustainability Due Diligence Directive, which might prove to be counterproductive from a sustainability perspective, as well as damaging businesses and their access to capital.