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Finnish Corporate Governance Code 2020

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Summary

The Corporate Governance Code preceding this New Corporate Governance Code 2020 entered into force on 1 January 2016. The regulatory framework relating to the governance of listed companies has changed since then. The central change underlying the revision of the Corporate Governance Code is the EU’s Second Shareholder Rights Directive 1, which has been implemented in Finnish national legislation on 10 June 2019. The Corporate Governance Code has been amended to correspond to the requirements of the new legislation, particularly with respect to the provisions concerning the remuneration policy and remuneration report.

Thumbnail image for The Corporate Governance Code preceding this New Corporate Governance Code 2020 entered into force on 1 January 2016. The regulatory framework relating to the governance of listed companies has changed since then. The central change underlying the revision of the Corporate Governance Code is the EU’s Second Shareholder Rights Directive 1, which has been implemented in Finnish national legislation on 10 June 2019. The Corporate Governance Code has been amended to correspond to the requirements of the new legislation, particularly with respect to the provisions concerning the remuneration policy and remuneration report.
Issuer

Finland

Year

2020

Region

Europe

Issuer (type)

Securities Market Association (Industry)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary


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

Moderate

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

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