Corporate Governance Code for Slovakia, 2008

Slovakia Current 2008

The Code was issued by the Central European Corporate Governance Association, and jointly developed by representatives of the National Bank of Slovakia, the Ministries of Finance, Justice and Economy as well as the Slovak Banking Association. Since 2008 companies have to specify whether they “comply (or explain)” to the Code principles. Based on the OECD Principles of Corporate Governance, there are extensive requirements regarding disclosure on remuneration. Every company should disclose a corporate governance statement as well as remuneration statement, either as a separate document or as part of the annual report. One of the principles aplied is that information should be prepared and disclosed in accordance with high quality standards of financial and nonfinancial disclosure.

Scope

Governance

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Large companies (listed & unlisted)

Issuer type

Stock Exchange

Type of instrument

Code of conduct or guideline

Mandatory or voluntary

Mandatory

The geographical scope

International/regional (eg. EU)

Project Partners