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Corporate Governance Code, 2016

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Summary

The Corporate Governance Code of 2016 is a set of recommendations issued by the Portuguese Securities Market Commission (CMVM) to promote good corporate governance practices among companies listed on the Portuguese stock exchange. The code covers topics such as board composition and functioning, remuneration, risk management, audit committees, shareholder rights, and disclosure of information. The code is based on internationally recognized principles and aims to enhance transparency, accountability, and shareholder value. While the code is not mandatory, companies are encouraged to adopt its recommendations to promote investor confidence and ensure the long-term success of their business.

Thumbnail image for The Corporate Governance Code of 2016 is a set of recommendations issued by the Portuguese Securities Market Commission (CMVM) to promote good corporate governance practices among companies listed on the Portuguese stock exchange. The code covers topics such as board composition and functioning, remuneration, risk management, audit committees, shareholder rights, and disclosure of information. The code is based on internationally recognized principles and aims to enhance transparency, accountability, and shareholder value. While the code is not mandatory, companies are encouraged to adopt its recommendations to promote investor confidence and ensure the long-term success of their business.
Issuer

Portugal

Year

2016

Region

Europe

Issuer (type)

Portuguese Institute of Corporate Governance (IPCG) (NGO)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary


Main industries targeted
  • Finance & Insurance
  • Information
  • Transportation & Warehousing
  • Professional, Scientific, & Technical Services
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality
  • SDG 6: Clean Water and Sanitation
  • SDG 14: Life Below Water
  • SDG 17: Partnerships for the Goals

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