Regulatory Alerts2018-01-01
Feedback Statement to Issuers - November 2018
The Capital Markets Authority clarifies that corporate governance assessments are based on publicly available information and that sector-specific ranking variances reflect both industry-specific regulatory obligations and varying levels of transparency. The Authority maintains that existing compliance audits are distinct and necessary, though it remains open to reforming frameworks to reduce unnecessary burdens while upholding high standards of independence for directors and external auditors. Furthermore, the Authority emphasizes that it has not authorized third-party ranking entities, encouraging issuers to prioritize transparent reporting and long-term sustainability over superficial compliance.
Share