Corporate Governance Code, 2014

Maldives Current 2014

The Capital Market Development Authority (CMDA) amended its Corporate Governance Code in 2014 to include, among other changes, new voluntary provision on sustainability reporting. The aim is to increase the practice of measuring, analyzing and annually disclosing information on the sustainability aspects of a company’s performance and operations.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Large listed companies

Issuer type

Financial Regulators

Type of instrument

Code of conduct or guideline

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Project Partners