Summary
The Portuguese Institute of Corporate Governance (IPCG) published a new Corporate Governance Code in 2018 that aims to strengthen the practices of good corporate governance in Portugal. The Code is applicable to companies with a primary listing on a regulated market in Portugal, and it provides guidance on key issues such as board composition, internal controls, risk management, and disclosure of information to stakeholders. The Code encourages companies to adopt a long-term and sustainable perspective in their decision-making, and it emphasizes the importance of transparency, accountability, and responsible management. The Code is voluntary, but companies are expected to comply with its recommendations or provide explanations for any deviations.