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National Corporate Governance Committee adopted amendments to the National Corporate Governance Code, according to the Principles of corporate governance of the Organization for Economic Cooperation and Development (OECD) set out in the OECD Report to G20 Finance Ministers and Central Bank Governors in September 2015.

The changes are related to:

  • avoiding conflicts of interest between corporate management and the company;
  • improving transparency by adopting rules on the disclosure of periodic and ad-hoc information;
  • expanding the scope of the Code so as to include the activities of companies that keep and manage portfolios of and on behalf of clients (institutional investors, trustees, custodians);
  • improving protection of shareholders rights in public companies by institutional investors, trustees, custodians;
  • shareholders' rights protection in international cross-listing;
  • extending the scope of the Code to include regulated markets, where a company is traded on more than one such market and to provide relevant market information to shareholders.

The current text of the Code is published in the Documents section of the NCGC website.

source: National Corporate Governance Committee