Résumé en anglais

Risk orientated disclosure is a focal issue of corporate communication. Many provisions have been implemented in the USA and in Europe to promote transparency about risks faced by companies, especially by quoted ones. The increase of mandatory risk reporting applying to companies leads to the question whether or how companies are compliant with these regulations. Nevertheless, the answer implies another question: what is required to be disclosed? And what is risk? We have established an inventory of rules currently existing in order to identify the risk disclosure context faced by French companies. Therefore, there is no consensus in the different pieces of legislation. Then we demonstrate that the terminology referred to by companies tends to differ from one to another. Finally, we try to set up a framework which could bear these deficiencies.