Examples of using Governance code in English and their translations into Romanian
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Corporate Governance Code.
Corporate governance codes recommend or require information disclosure based on the"comply or explain" principle.
Corporate Governance Code.
The action plan appears to seek a certain balance between legislative measures anda"soft law" approach- recommendations and governance codes.
Charities Governance Code.
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At the moment, a number of Member States2 is still working on the implementation of(some of)the recommendations in its law or Corporate Governance Code.
To design a governance code for water companies in the EU-27.
Conformity statement- new corporate governance code.
Developing and adopting the governance code for state companies as recommended by the OECD.
Approval of the issuer corporate governance code;
This system complements the new corporate governance code for state-owned enterprises adopted at the end of 2014.
Declaration of Conformity for 2014 corporate governance code View.
A very complete list of existing corporate governance codes can be found under: http://www. ecgi. org/codes/all_codes. php.
The EESC agrees that companies need to improve the quality of the explanations they are required to provide when they depart from governance codes.
In one Member State they follow a governance code for audit firms.
A new corporate governance code has been adopted by the Slovenian Sovereign Holding in December 2014 and in January 2015 a compliance officer was appointed.
Where countries have implemented corporate governance codes the percentage increase ranges from 11% to 2%.
The EESC calls on the Commission in its future legislative proposals to strike a balance between legislation and"soft law",including recommendations and corporate governance codes.
It is also necessary to draw up a similar corporate governance code to the one for listed companies.
The corporate governance framework for listed companies in the European Union is a combinationof legislation and‘soft law', including recommendations7 and corporate governance codes.
Together with planned revisions of Corporate Governance Codes, this would result in endorsement of the recommendation by a majority of Member States.
General principles of Corporate Governance should be applicable in all Member States; Belgian and Finnish Corporate Governance Code are a good example of best practises;
Some Member States, however, have specific corporate governance codes tailored to small and medium-sized listed companies13, e.g. where the controlling shareholder may also be the manager.
While skill requirements are at thediscretion of the board, other criteria for boardroom diversity may be imposed by legal requirements or corporate governance code guidelines(particularly in relation to gender).
(24) Do you agree that companies departing from the recommendations of corporate governance codes should be required to provide detailed explanations for such departures and describe the alternative solutions adopted?
Therefore the EESC has summarised ten rules about Board's work as a realisation of the principles prescribed in 2.12 The EESC suggests that these rules, presented in an Appendixto the present opinion, have to be included in the national corporate governance codes.
A just balance between legislative measures anda"soft law" approach- recommendations and governance codes- will depend on the detail of the implementation of each initiative presented.
The Member States' national corporate governance codes provide a good basis for this, and they are also an effective mechanism for monitoring and controlling the companies' performance(this is usually done by the market regulator).
The‘comply or explain' approach is therefore widely supported by regulators, companies and investors, as shown by a study on monitoring andenforcement systems for Member States' corporate governance codes published in autumn 200961.
However, companies that depart from the applicable corporate governance code often fail to provide appropriate explanations for the departure, which makes it more difficult for investors to take informed investment decisions.