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CMVM Corporate Governance Code 2013 (Recommendations)

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Summary

The Corporate Governance Code of 2013 (Recommendations) is an updated set of recommendations issued by the Portuguese Securities Market Commission (CMVM) to promote good 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. The code is based on the principles of the 2010 code but includes some additional recommendations, such as those related to risk management and internal controls. The 2013 code is not mandatory, but companies are encouraged to adopt its recommendations to enhance transparency, accountability, and shareholder value.

Thumbnail image for The Corporate Governance Code of 2013 (Recommendations) is an updated set of recommendations issued by the Portuguese Securities Market Commission (CMVM) to promote good 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. The code is based on the principles of the 2010 code but includes some additional recommendations, such as those related to risk management and internal controls. The 2013 code is not mandatory, but companies are encouraged to adopt its recommendations to enhance transparency, accountability, and shareholder value.
Issuer

Portugal

Year

2013

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
  • Manufacturing
Restrictiveness

Low

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

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