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The Society for Corporate Governance today announced the submission of its updated position paper to key members of the European Parliament, European Commission, and Council of the European Union. The paper was submitted in advance of the European Parliament's deadline for proposed amendments to the European Commission's Omnibus Simplification Proposal, as well as to inform ongoing negotiations among members of the European Parliament and the forthcoming interinstitutional negotiations.

NEW YORK, July 9, 2025 /PRNewswire-PRWeb/ -- The Society for Corporate Governance today announced the submission of its updated position paper to key members of the European Parliament, European Commission, and Council of the European Union. The paper was submitted in advance of the European Parliament's deadline for proposed amendments to the European Commission's Omnibus Simplification Proposal, as well as to inform ongoing negotiations among members of the European Parliament and the forthcoming interinstitutional negotiations.

This updated paper builds on the Society's initial February 2025 position paper — submitted ahead of the release of the European Commission's proposed Omnibus Directives — and offers recommendations in three priority areas:

• Revisions to the European Sustainability Reporting Standards (ESRS)
• Extraterritorial implications of the Corporate Sustainability Reporting Directive (CSRD)
• Targeted amendments to the Corporate Sustainability Due Diligence Directive (CS3D)

The Society's advocacy reflects the perspectives of many of its members associated with largely US-based companies with a substantial European footprint, grounded in practical insights from companies and counsel navigating the complexities of multinational sustainability reporting and due diligence requirements.

"This submission marks the latest milestone in our commitment to providing thoughtful, practical, and constructive input to regulators globally," said Paul Washington, President and CEO of the Society for Corporate Governance. "Organizations, and the professionals guiding their governance practices, need regulatory regimes that promote transparency without creating unnecessary and duplicative burdens. We are proud to represent that perspective in Brussels."

The Society's updated paper was informed by consultations, surveys, and working group sessions with in-house governance professionals and leading in-house and law firm securities and sustainability counsel among the Society's membership. The Society also expresses its deep appreciation for the expertise and collaborative work of Seth Engel, Of Counsel, Jones Day; Betty Huber, Partner, Latham & Watkins; Jennie Morawetz, Partner, Kirkland & Ellis; Julie Rizzo, Partner, K&L Gates; Marc Rotter, Counsel, Ropes & Gray; and its in-house member working group contributors, as well as counsel and regulatory and public affairs experts associated with Freshfields for their guidance throughout the process.

"This has been an extraordinary example of cross-functional, cross-border collaboration at its best," noted Randi Morrison, General Counsel and Chief Knowledge Officer of the Society. "Our members' feedback — from survey data to direct, practical insights — has been invaluable in shaping recommendations that are realistic, implementable, and aligned with the broader goals of cost-effective and interoperable sustainability regulation."

The Society's submission follows its May 2025 response to EFRAG's public consultation on revisions to the ESRS and its endorsement in March of a joint AmCham EU-led "stop the clock" statement supporting a directive subsequently adopted by the European Parliament and Council in April.

The full updated and initial position papers are available on the Society's website at .

About the Society for Corporate Governance

Founded in 1946, the Society is a professional membership association of more than 3,700 corporate and assistant secretaries, in-house counsel, outside counsel, and other governance professionals who serve more than 1,600 entities, including 1,000 public companies and private companies and non-for-profit organizations of almost every size and industry. Society members are responsible for supporting their boards of directors and executive management in matters such as board practices, compliance, regulation and legal matters, shareholder relations, subsidiary management and sustainability. Visit for more information.

Media Contact

Nikole TenBrink, Society for Corporate Governance, 1 212-681-2014, [email protected],

SOURCE Society for Corporate Governance