New Proposal for Recommendations for Corporate Governance

Date 31 jan. 2013
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Introduction

7 January 2013, the Committee on Corporate Governance published its proposal for revised recommendations for Corporate Governance.

The proposal reduces the current number of recommendations from 79 to 50. Furthermore, the proposal simplifies the recommendations, focusing among other things on creation of value, management and the framework for active ownership.


The revised recommendations are expected to be published in April 2013. Subsequently, it is expected that NASDAQ OMX Copenhagen A/S will require that listed companies respond to the recommendations in accordance with the”comply-or-explain” principle, in conformity with what is the case under the current rules.


In the following, the most significant amendments relative to the current rules are described as well as the implications that the proposed recommendations will have.

 

Read the entire article in the attached PDF file.