a.s.b.l . Confédération Européenne des Associations d’Administrateurs European Confederation of Directors’ Associations. IS THE CURRENT BALANCE OF REGULATION/SOFT CODE RELATING TO BOARD ACTIVITY IN EUROPE APPROPRIATE?. Leda Condoyanni, General Manager Hellenic Corporate Governance Council.
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Confédération Européenne des Associations d’Administrateurs
European Confederation of Directors’ Associations
IS THE CURRENT BALANCE OF REGULATION/SOFT CODE RELATING TO BOARD ACTIVITY IN EUROPE APPROPRIATE?
Leda Condoyanni, General Manager
Hellenic Corporate Governance Council
European Union Corporate Governance Standards
Working Group Meeting, December 17, 2013
The corporate governance “statement shall beincluded as a specific section of the annual report and shallcontain at least the following information:
(a) a reference to:
(i) the corporate governance code to which the companyis subject,and/or
(ii) the corporate governance code which the companymay have voluntarily decided to apply,and/or
(iii) all relevant information about the corporate governancepractices applied beyond the requirementsunder national law.
Where points (i) and (ii) apply, the company shall alsoindicate where the relevant texts are publicly available;were point (iii) applies, the company shall make itscorporate governance practices publicly available.”
Some companies consider a subset of the provision of the Code as a complete code in their own right.