Summary
The Recommendations on Corporate Governance of 1999 were issued by the Portuguese Securities Market Commission (CMVM) to encourage good corporate governance practices among companies listed on the Portuguese stock exchange. The recommendations cover topics such as board composition and functioning, remuneration, audit committees, risk management, shareholder rights, and disclosure of information. The recommendations are voluntary and companies are encouraged to adopt them as a guide to good corporate governance practices. The recommendations aim to promote transparency, accountability, and shareholder value and have been updated over time to reflect changes in best practices and market conditions.
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