This code was produced by: Luxembourg Stock Exchange
The X Principles have been revised three times during the eleven years that they have been in existence, and this underlines the constant evolution taking place in the area of corporate governance. e need to adapt to new realities in light of the conclusions drawn from their application, coupled with developments in the concept of corporate governance in neighbouring countries and in Europe generally, as well as the regulatory framework and the way in which it is applied in Luxembourg, have informed the re ections of the working group and have served as the basis for this third revision of the X Principles of Corporate Governance.
