Summary
The Corporate Governance Code preceding this New Corporate Governance Code 2020 entered into force on 1 January 2016. The regulatory framework relating to the governance of listed companies has changed since then. The central change underlying the revision of the Corporate Governance Code is the EU’s Second Shareholder Rights Directive 1, which has been implemented in Finnish national legislation on 10 June 2019. The Corporate Governance Code has been amended to correspond to the requirements of the new legislation, particularly with respect to the provisions concerning the remuneration policy and remuneration report.