Non-Financial Reporting Implementation in Latvia: Survey Methodology

During last decades the issues regarding the importance of non-financial business performance that is the result of responsible business management is frequently debated by business sector representatives, governmental authorities, business consultants and researchers. The current research was inspired by the newly implemented European directive regarding the disclosure of non-financial information (Directive 2013/34/EU). The goal of the research was to precise the structure of the required non-financial reports and to define the elements (statements) within the particular blocks. The researchers and academic staff members from the University of Economics and Culture being the experts in the field of human rights, labour law, business management and government draft law development were invited to work on the research instrument that will be used to conduct a survey among the representatives of the authorities engaged in the process of the implementation of the Directive in Latvia. The overall idea is to provide in a future a kind of manuals for business sector representatives helping them in preparation of the report on non-financial activities. At the initial stage of the research several experts engaged in the process of the implementation of the Directive into the Latvian regulation were interviewed in order to determine their perception of the goals of the Directive.