The recommendations supplement company law and stock exchange regulation as well as the requirements for financial reporting in Denmark on a “comply or explain” basis. There is a requirement to publish a corporate governance report (part of management commentary in the Annual Report) regarding companies’ compliance with the principles of corporate governance. Section 5 of the Recommendations require that the Annual Report and other financial reports be supplemented by additional financial and non-financial information, if deemed necessary or relevant in relation to the information needs of the recipients (report users).
Industry sectors covered by the instrument
Organizations covered by the instrument
All listed companies
Type of instrument
Code of conduct or guideline
Mandatory or voluntary
The geographical scope