Brussels, 24/05/2006 (Agence Europe) - On 22 May the Council formally adopted the draft directive amending directive 78/660/ECC on the annual accounts of certain companies, and directive 83/349/ECC on consolidated accounts. Adopted during the first reading, this directive aims to improve confidence in the annual financial publications and reports that companies publish. It establishes collective responsibility for members of the board in the monitoring and management involved when...