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Corporate Governance Code, 2012

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Summary

The Corporate Governance Code of 2012 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, audit committees, risk management, 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. The code has been updated several times since its introduction in 2012 to reflect changes in best practices and market conditions.

Thumbnail image for The Corporate Governance Code of 2012 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, audit committees, risk management, 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. The code has been updated several times since its introduction in 2012 to reflect changes in best practices and market conditions.
Issuer

Portugal

Year

2012

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
  • Manufacturing
  • Professional, Scientific, & Technical Services
Restrictiveness

Low

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

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