Back to overview

The X Principles of Corporate Governance of the Luxembourg Stock Exchange (4th edition-revised version), 2017

}

Summary

The X Principles have been drawn up for limited companies with a single-tier governance structure (with a board of directors), which is the form most commonly adopted by companies in Luxembourg. However, they are also intended to apply to other forms of companies, including those with a two-tier governance structure, including a supervisory board and an executive board. In this case, the X Principles must be interpreted and applied mutatis mutandis. The X Principles include three series of rules: the actual mandatory (“compliance”) Principles; the “comply or explain” Recommendations (that is to say, those which are mandatory save in exceptional justified circumstances); and the Guidelines, which are indicative but not binding.

Thumbnail image for The X Principles have been drawn up for limited companies with a single-tier governance structure (with a board of directors), which is the form most commonly adopted by companies in Luxembourg. However, they are also intended to apply to other forms of companies, including those with a two-tier governance structure, including a supervisory board and an executive board. In this case, the X Principles must be interpreted and applied mutatis mutandis. The X Principles include three series of rules: the actual mandatory (“compliance”) Principles; the “comply or explain” Recommendations (that is to say, those which are mandatory save in exceptional justified circumstances); and the Guidelines, which are indicative but not binding.
Issuer

Luxembourg

Year

2017

Region

Europe

Issuer (type)

Luxembourg Stock Exchange (Bourse de Luxembourg) (Stock Exchange)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Professional, Scientific, & Technical Services
Restrictiveness

High

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality
  • SDG 6: Clean Water and Sanitation
  • SDG 14: Life Below Water

We have sent you the download link, please check your inbox.

Download again

Something went wrong when trying to download this file.

Try again