Governing law and Impact Weighted Accounts Framework: Difference between pages

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imported>Doug Williamson
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''Law - international law - contract''.
''Sustainability - impact - financial reporting - Impact Economy Foundation (IEF)''.


Governing law means the system of law to be applied to determine a dispute under a contract with non-domestic elements, usually specified by a ''governing law clause'' in the contract.
(IWAF).


Impact-weighted reporting and accounts are designed to supplement traditional financial reporting, taking a broader perspective on an organisation's total impact.


In the absence of a governing law clause, the applicable system of law is determined by convention, regulation or general law.
The Impact Weighted Accounts Framework (IWAF) is designed to ensure complete and consistent impact-weighted reporting.


 
The IWAF is published by the Impact Economy Foundation.
:<span style="color:#4B0082">'''''LIBOR transition - USD markets - next steps - check the governing law'''''</span>
 
:"Check the Governing Law of your contracts – for example fallbacks may differ depending on the governing law of your contract (e.g. English or New York) as legislative solutions differ by jurisdiction.
 
:Do not assume that all USD contracts work in the same way."
 
:''ACT blog - Sarah Boyce - Associate Director, Policy & Technical - June 2022.''
 
 
:<span style="color:#4B0082">'''''Cross-border pooling - importance of differing legal systems'''''</span>
 
:"The governing law for the intra-group cash pooling agreements is often English law for cross-border pooling.
 
:Alternatively the jurisdiction of the parent entity will be stipulated as applicable.
 
:For a Zero Balancing Agreement or a Notional Pooling Agreement, the bank will in many cases provide for a standardised agreement, with the bank’s domicile providing the legal jurisdiction.
 
:Treasurers should make themselves aware of the implications of using differing jurisdictions."
 
:''Legal implications of cash pooling structures - the Treasurer's Wiki.''
 
 
Contracts and other relationships without foreign elements will generally be governed by domestic law.




== See also ==
== See also ==
* [[Capacity]]
* [[Financial reporting]]
* [[Contract]]
* [[Impact]]
* [[Court]]
* [[Impact accounting]]
* [[Extraterritorial jurisdiction]]
* [[Impact economy]]
* [[Fallback]]
* [[Impact Economy Foundation]] (IEF)
* [[International law]]
* [[Impact Management Project]] (IMP)
* [[Jurisdiction]]
* [[Impact reporting]]
* [[Law]]
* [[Impact-weighted accounts]] (IWAs)
* [[Legal implications of cash pooling structures]]
* [[International Sustainability Standards Board]] (ISSB)
* [[Notional pooling]]
* [[Stakeholder]]
* [[Private international law]]
* [[Sustainability]]
* [[Proper law]]
* [[Sustainability Accounting Standards]]
* [[Regime]]
* [[Sustainability Accounting Standards Board]]
* [[Repatriated]]
* [[Total Societal Impact]]
* [[Resident]]
* [[Value Balancing Alliance]] (VBA)
* [[State]]
* [[Value Reporting Foundation]] (VRF)
* [[State immunity]]
* [[Zero balancing]]
 


==Other resource==


*[https://www.treasurers.org/hub/blog/LIBOR-update-June-2022 LIBOR transition - governing law - ACT blog - June 2022]
==External link==
*[https://impacteconomyfoundation.org/impactweightedaccountsframework/#:~:text=Impact%2DWeighted%20Accounts%20(or%20IWAs,through%20quantitative%20and%20valued%20accounts.&text=It%20includes%20Financial%2C%20Manufactured%2C%20Intellectual,Natural%2C%20Social%20and%20Human%20Capital. Impact Economy Foundation - Impact-weighted accounts]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 03:18, 16 January 2022

Sustainability - impact - financial reporting - Impact Economy Foundation (IEF).

(IWAF).

Impact-weighted reporting and accounts are designed to supplement traditional financial reporting, taking a broader perspective on an organisation's total impact.

The Impact Weighted Accounts Framework (IWAF) is designed to ensure complete and consistent impact-weighted reporting.

The IWAF is published by the Impact Economy Foundation.


See also


External link

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