company council

company council

an institution composed of top managers and employee representatives which discusses company strategy and policies. Usually these organs perform an advisory and consultative rather than decision-making function, but in some of the Japanese companies in the UK they provide the forum for COLLECTIVE BARGAINING over pay See CONSULTATION, INDUSTRIAL DEMOCRACY, PARTICIPATION.
References in periodicals archive ?
Ryanair looks forward to working with ANPAC and its newly elected ANPAC Ryanair Company Council to conclude an early CLA (Collective Labour Agreement) for our directly employed pilots based in Italy.
BANKING AND CREDIT NEWS-August 24, 2017-Financial Accounting Foundation names 4 new private company council members
M2 EQUITYBITES-August 24, 2017-Financial Accounting Foundation names 4 new private company council members
Private Company Council to debate proposed changes to debt classification guidance.
The locally elected company council were in full agreement with the terms of the deal.
A spokesman said: "The Executive Committee met with the Lead Officer and ATW Company Council to consider two offers from the company.
However, with respect to accounting principles developed by the Private Company Council (PCC), it is unclear whether the issuance of the professional pronouncements (Accounting Standards Updates, or ASUs), which apply only to certain entities, is sufficient support for a change.
FASB began a broad-based effort to consider private company "alternatives" within existing GAAP and in-process standards following a Blue Ribbon Panel Report on private company reporting in 2010, and the ensuing formation of FASB's Private Company Council (PCC) in 2012.
IMA's Small Business Financial and Regulatory Affairs Committee (SBFRC) has continued monitoring the efforts of the FASB's Private Company Council (PCC).
The Private Company Council (PCC) has issued four exposure drafts and two accounting standards updates.
The Private Company Council: Financial Reporting Standard Setting for Private Companies, the forth article, offers a comprehensive look at the creation, responsibilities, membership, agenda, and accomplishments of the Private Company Council (PCC).
AdvaMed also named CVRx CEO Nadim Yared as chairman of its Emerging Growth Company Council (EGCC) board of directors for a two-year term.