146-27 Resolution of the Council of Ministers No. 113/2005

Summary

Resolution of the Council of Ministers No. 113/2005 is a Portuguese government resolution that aimed to promote the improvement of corporate governance practices in the country. The resolution created a national program for corporate governance, which included several measures to promote transparency, accountability, and fairness in the corporate sector. The program's main objectives were to promote good governance practices in listed companies, improve the quality of financial information provided by companies, strengthen the role of auditors, and encourage the participation of shareholders in corporate decision-making. The resolution also called for the adoption of a corporate governance code by companies listed on the Portuguese stock exchange.

Thumbnail image for Resolution of the Council of Ministers No. 113/2005 is a Portuguese government resolution that aimed to promote the improvement of corporate governance practices in the country. The resolution created a national program for corporate governance, which included several measures to promote transparency, accountability, and fairness in the corporate sector. The program's main objectives were to promote good governance practices in listed companies, improve the quality of financial information provided by companies, strengthen the role of auditors, and encourage the participation of shareholders in corporate decision-making. The resolution also called for the adoption of a corporate governance code by companies listed on the Portuguese stock exchange.

Issuer

Portugal

Year

2005

Region

Europe

Issuer (type)

Presidency of the Council of Ministers (Government)

Policy Type

Other sustainability policy

Geographical scope

National

Mandatory or voluntary

Mandatory

Main industries targeted

Agriculture, Forestry, Fishing & Hunting
Manufacturing
Construction
Finance & Insurance

Restrictiveness

Very Low

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 2: Zero Hunger
SDG 6: Clean Water and Sanitation
SDG 8: Decent Work and Economic Growth
SDG 9: Industry, Innovation, and Infrastructure
SDG 11: Sustainable Cities and Communities
SDG 15: Life on Land
SDG 17: Partnerships for the Goals