Contributed by
Manuel Maria Agria, Vice-Presidente Executivo
This code was produced by: Instituto Português de Corporate Governance
In answer to the appeal of national companies and of a vast community of interested parties in the matters of Corporate Governance, during the year of 2011, the Portuguese Institute for Corporate Governance (IPCG) prepared a first version of its Corporate Governance Code, which was then consequently published in 2012.
After its publication, this first version welcomed a variety of suggestions of amendments, which originated a new version published in 2014.
Ready to be adopted by the issuers, the Code from 2014, promptly exposed the inconveniences of the existence of two different Codes –, that of the Portuguese Securities Market Commission (CMVM) and that of the IPCG -, especially in a capital stock exchange market, which like the Portuguese market, has such a reduced dimension.
After its publication, this first version welcomed a variety of suggestions of amendments, which originated a new version published in 2014.
Ready to be adopted by the issuers, the Code from 2014, promptly exposed the inconveniences of the existence of two different Codes –, that of the Portuguese Securities Market Commission (CMVM) and that of the IPCG -, especially in a capital stock exchange market, which like the Portuguese market, has such a reduced dimension.
