Finnish Corporate Governance Code

It represent a revision of the 2010 code, seeks to promote transparency, openness and comparability but reduce administrative burden of the companies. Stipulates a significantly decrease in number of recommendations, but adds diversity and non-discrimination as an element of importance.

Issuer name

Securities market Association

More information

The code takes into consideration the European Commission recommendation on the quality of corporate governance reporting. It aims to strengthen the ‘comply or explain’ principle and, in particular, improve the quality of explanations concerning the departures. Including matters of diversity

Comply or explain

True

Organizations covered by the instrument

Large private and listed companies

Target organization notes

all companies that are listed on Nasdaq Helsinki Ltd1 (Helsinki Stock Exchange).

Industry scope

All/none specified

Disclosure venue

annual report

ESG coverage- G (Governance)

All

Status

Current

Country

Finland

Region

Europe

Date of publication

2015

Issuer type

Industry bodies, business associations

Reporting requirements

Codes, guidance, and questionnaires

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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