Sentence examples for code of corporate governance from inspiring English sources
"We believe non-executives have a valuable role to play," affirmed Mr Cox.In Germany, where companies have two boards a supervisory board of non-executives and a management board responsible for running the company—a government-appointed commission issued a code of corporate governance in February.
That will mean that at 17 of the top 30 German listed companies, the chairman of the supervisory board is a former chief executive.A government-sponsored body, the Cromme Commission, published a code of corporate governance in May 2003, and recommended that a maximum of two former executives should sit on a company's supervisory board.
Russia's new securities chief, Igor Kostikov, already has begun work on a code of corporate governance.
Next month, a new code of corporate governance will take effect, requiring boards to have more independent directors, proper audit and remuneration committees and so forth.
Since last year, the stock exchange has required all listed companies to disclose details of their compliance with a new code of corporate governance.
President Vladimir V. Putin's administration is writing a code of corporate governance based on principles recommended by the Organization of Economic Cooperation and Development.
In its Financial Services Action Plan (FSAP), published in 1999, the Brussels executive reviewed EU member countries' codes of corporate governance and argued that Europe's divergent guidelines on the subject remained an obstacle to the creation of a single capital market.At present, European Union (EU) countries have more than 35 governance codes of varying stringency.
The development of codes of corporate governance in the UK can be criticized on two grounds: first, that the process has been, to a large extent, ad hoc; and second, that the codes of corporate governance lack an enforcement mechanism.
Entrusting a review of the Combined Code on corporate governance to the Financial Reporting Council - just like the preposterous appointment of Lord Laming to report on the working of his own reforms in child protection - simply guarantees a "steady as she goes" response.
But Ken Olisa, the businessman who is leading the IoD project, said the code "ignores the nuance of corporate governance".
SWFs are accused of being opaque as regards financial reporting and investment strategy, and of pursuing political as well as commercial ends.Barroso's beefShortly after the Credit Suisse deal, the European Commission (EC) approved proposals for SWFs to be requested to adopt a voluntary code of conduct requiring certain standards of corporate governance and disclosure.
