60 The entity shall disclose the following:

AR 66. the percentage of employees covered by collective bargaining agreements is calculated using the following formula:

AR 67. the employees covered by collective bargaining agreements among the company's labor force are those persons to whom the company must apply the agreement. If none of the company's employees are covered by collective agreements, this means that the reported percentage is zero. An Employee of the company who is covered by more than one collective agreement only needs to be counted once.

AR 68 This requirement is not intended to determine the percentage of employees represented by a works council or the percentage of employees belonging to trade unions; these may be different. The percentage of employees covered by collective agreements may be higher than the percentage of unionized employees if the collective agreements apply to both union members and non-union members. However, the percentage of employees covered by collective agreements can also be lower than the percentage of unionized employees. This may be the case if no collective agreements are available or if the collective agreements do not cover all unionized employees.

Collective bargaining: Any negotiations which take place between an employer, a group of employers or one or more employers' organizations, on the one hand, and one or more trade unions or, in their absence, Workers' representatives duly elected and authorized by them in accordance with national laws and regulations, on the other hand, to

Collective agreements are understood to be written agreements resulting from Collective bargaining.