Corporate Governance Code: Good corporate governance recommendations for companies in Latvia (2020)

Corporate governance recommendations in Latvia have so far been systematised and summarised in the “Principles of Corporate Governance and Recommendations on their Implementation” of the issued by Nasdaq Riga Stock Exchange in 2010. In order to update the corporate governance recommendations in accordance with modern requirements, in the period from 2018 to 2020, an Advisory Board for the development of a new Corporate Governance Code (hereinafter – the Code) was established under the auspices of the Ministry of Justice. The authors of the Code are Daiga Auziņa¬Melalksne, Jūlija Bistrova, Liene Dubava, Gatis Flinters, Zane Eglīte¬Fogele, Andris Grafs, Baiba Lielkalne, Maija Orbidāne, Baiba Strupiša, Ilze Tīmane and Māris Vainovskis. During the development, the recommendations included in the Code have been discussed and debated with management board and supervisory board members of the private and public sector companies, supervisory authorities, representatives of the non governmental sectors and academic environment.