Regulatory Alerts2023-03-02
Corporate Governance Regulation, rectified by Resolution R-CNMV-2023-04-MV
The Dominican Republic's Securities Market Superintendence issued the Corporate Governance Regulation to establish mandatory minimum principles for market participants, ensuring transparency and proper internal control. The document defines key governance roles, outlines the scope of application for various financial entities, and mandates the creation of a Corporate Governance Code detailing shareholder rights and board responsibilities. It further regulates related-party transactions, defines conflict of interest scenarios, and enforces a 'comply or explain' framework for voluntary adopters.
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