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Corporate Governance Code for Commercial Banks 2009

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Summary

The purpose of this Code is to help banks to implement effective corporate governance mechanisms characterized by separation of responsibilities, effective decision making, protection of shareholders’ rights, effective treatment of conflicts of interest, public disclosure of information, cheks and balances and so on, in order to ensure effective protection of shareholder, depositor, creditor, investor, and public interests.

Issuer

Georgia

Year

2009

Region

Europe

Issuer (type)

Association of Banks of Georgia (Government)

Instrument type

Code

Disclosure instrument

No

Geographical scope

National

Mandatory or voluntary

Voluntary

Text analysis

    • Low 0.40%
    • Low 0.06%
    • E focus: environment
    • S focus: compensation
    • G focus: audit, business ethics, internal control, risk management, accountability
    • Finance, Management