The recommendations presented in this report mainly target listed companies but can also benefit non-listed companies with necessary adaptations. The improvement of corporate governance mechanisms is essential for optimizing corporate performance and protecting the interests of all participants in corporate life. The recommendations cover critical aspects of corporate governance such as the Board of Directors, General Meeting, external and internal audits, shareholders, institutional investors, and corporate conduct culture. The comply or explain principle is emphasized to allow companies to have legitimate freedom in their governance options. Legislative interventions may be necessary to implement some recommendations. Existing normative provisions are also identified alongside the text.