Summary
The Code has been designed to set out the best practice for companies in the Slovak Republic. Focus is placed on openness, integrity and accountability as these elements are essential to encourage investor confidence. Therefore, the emphasis is on encouraging companies to sign up to the Code, adopt some of the provisions now and to explain to shareholders in the annual report why they are not adopting other provisions together with a date when they anticipate being able to do so. It is hoped that companies will be able to progressively implement those provisions of the Code which they are not able to implement immediately leading to full compliance within the next few years.