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

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TheCorporateCounsel

TheCorporateCounsel.net

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

DealLawyers

DealLawyers.com

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

CompensationStandards

CompensationStandards.com

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

Section16.net

Section16.net

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.

PracticalESG

PracticalESG.com

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

The EU’s proposed Corporate Sustainability Due Diligence Directive (CS3D) faced an uphill battle during its development. The legislation was substantially reworked during its development due to disagreements about including the financial sector and certain climate transition requirements. Recently, it looked like a solid compromise was reached with a provisional agreement; however, the fate of the bill is once again in jeopardy as a final vote scheduled for February 9th was postponed indefinitely. Responsible Investor reports:

“It has just been confirmed that the vote has taken off today’s so-called “Coreper” agenda and will be rescheduled for a later date, yet to be announced. The surprise delay is somewhat symbolic of the difficult journey of the directive – which will introduce mandatory human rights and environmental due diligence requirements on companies in scope – through the various EU legislative hoops.”

The article notes that at the center of the controversy is an abstention from Germany, opposition from Sweden and Finland, with Italy undecided. If the directive had gone to a vote and failed, the law probably would not have a second shot at passage before the EU’s summer elections introduce a new government – delaying the legislation even further. While we don’t know when the CS3D vote will occur, it is possible that the decision to delay the vote was made so that changes could be made and support shored up before the change of government.

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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 PracticalESG.com editorial team by providing research and creating content on a spectrum of ESG… View Profile