CCRcorp Sites  

The CCRcorp Network unlocks access to a world of insights, research, guides and information in a range of specialty areas.

Our Sites


A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.


An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.


The “one stop” resource for information about responsible executive compensation practices & disclosure.

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.


Keeping you in-the-know on environmental, social and governance developments

France has become the first country to transpose the EU’s CSRD into national law and has chosen to apply strict penalties for those who do not properly audit their CSRD reports. CSO Futures reports that the French version of the CSRD comes with potential criminal liability for Directors. The article states that:

“Corporate directors could be forced to pay up to €75,000 and go to jail for up to five years if they do not present the information necessary for external auditors to certify their CSRD-aligned reports, or if they obstruct their work in any way. On the other hand, they could face two years of jail time and up to €30,000 in fines for simply failing to get their CSRD report audited by a certified entity.”

The CSRD is a directive from the EU government, so certain areas are open for individual member states to transpose as they wish. Penalties for non-compliance were not defined in the directive, so a patchwork of regulatory enforcement structures is likely. The inclusion of criminal penalties goes to show just how serious France is about CSRD reporting. The decision to include criminal penalties is reminiscent of Canada’s S-211 forced labor disclosures law, which also carries criminal penalties for directors and officers in specific cases. As more EU countries transpose the law, we’ll see if France’s penalties are the standard or an outlier.

If you aren’t already subscribed to our complimentary ESG blog, sign up here: for daily updates delivered right to you.

Back to all blogs

The Editor

Zachary Barlow is a licensed attorney. He earned his JD from the University of Mississippi and has a bachelor’s in Public Policy Leadership. He practiced law at a mid-size firm and handled a wide variety of cases. During this time he assisted in overseeing compliance of a public entity and litigated contract disputes, gaining experience both in and outside of the courtroom. Zachary currently assists the editorial team by providing research and creating content on a spectrum of ESG… View Profile