Corporate governance kodex pdf

Principle 4
Responsible management of risks arising from business activities requires an appropriate and effective internal control system and risk management system.
The appropriateness and effectiveness of the internal control system and the risk management system presuppose their internal monitoring.

How often does the Commission review the corporate governance code?

The Commission reviews the Code on an annual basis in order to find out if it still describes the best practice of good corporate governance and adapts it when indicated

Compliance with the Code’s recommendations is not mandatory, but deviations have to be explained

The Code relies on acceptance without compulsion

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