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CMVM Corporate Governance Code 2010 (Recommendations)

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Summary

The Corporate Governance Code of 2010 (Recommendations) is a set of recommendations issued by the Portuguese Securities Market Commission (CMVM) to improve corporate governance practices among companies listed on the Portuguese stock exchange. The recommendations cover topics such as board composition and functioning, remuneration, shareholder rights, and transparency. Unlike the 2007 code, the 2010 version is not prescriptive and companies are not required to comply with the recommendations. However, companies are encouraged to adopt the best practices outlined in the code to enhance transparency, accountability, and shareholder value, and to promote investor confidence in the Portuguese market.

Thumbnail image for The Corporate Governance Code of 2010 (Recommendations) is a set of recommendations issued by the Portuguese Securities Market Commission (CMVM) to improve corporate governance practices among companies listed on the Portuguese stock exchange. The recommendations cover topics such as board composition and functioning, remuneration, shareholder rights, and transparency. Unlike the 2007 code, the 2010 version is not prescriptive and companies are not required to comply with the recommendations. However, companies are encouraged to adopt the best practices outlined in the code to enhance transparency, accountability, and shareholder value, and to promote investor confidence in the Portuguese market.
Issuer

Portugal

Year

2010

Region

Europe

Issuer (type)

Securities Market Commission (Comissão do Mercado de Valores Mobiliários (CMVM)) (Financial Regulator)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Transportation & Warehousing
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality

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