Regulatory Alerts2017-06-14
Circular to Issuers: Format for Reporting the Application of the Code of Corporate Governance Practices
The Capital Markets Authority has introduced a mandatory reporting template for all issuers to disclose their compliance status with the Code of Corporate Governance Practices as required by clause 1.1.3. Issuers must submit the completed, signed template to the Authority and publish it on their company websites within four months of the financial year-end. Additionally, the Authority will utilize an internal Corporate Governance Scorecard to evaluate adherence levels and foster engagement regarding governance improvements.
Share