Nowadays, humanity encounters many problems connected to the use of natural resources. International actors have established diverse global initiatives and
\nregional and national legal reforms linked to the issue. Thus, this study provides a
\ncomparison of selected provisions regarding information disclosure orders of the EITI
\nStandard 2019 and the EU Directives. The paper presents a descriptive comparison of
\ntwo prominent legal mechanisms enhancing good governance in the extractive
\nindustries sector: The Extractive Industries Transparency Initiative (hereafter the
\nEITI) and the EU Directives. Moreover, the study briefly discusses the meaning of the
\ngood governance concept and the significance of the principles of transparency as a
\ntool to strengthen fiscal and non-fiscal accountability in the extractive industries
\nsector. The author argues that developing resource-rich countries should join the EITI
\nand support the initiative by implementing legal mechanisms promoting good
\ngovernance in the natural resources sector. The findings of the study are summarised
\nin the conclusion.<\/p>\n