Corporate governance for listed companies

Author: | Published: 21 Dec 2010
Email a friend

Please enter a maximum of 5 recipients. Use ; to separate more than one email address.

Miranda Correia Amendoeira & Associados


Rua Soeiro P. Gomes, L1, 2º 1600-196 Lisboa - Portugal


+351 21 781 48 94


+351 21 781 48 02 Visit Website
Mafalda Monteiro

Last January, the Portuguese Securities Commission (CMVM) enacted Regulation 1/2010 of January 7 2010, on corporate governance, introducing internationally accepted corporate governance rules. Fully effective January 1 2011, the Regulation requires listed companies to adopt a corporate governance code in accordance with the principles and practices of good governance provided therein.

In general, the governance code must set a legal framework that widens the protection of shareholders' rights and fosters governance transparency. In addition, it must address several matters included in the model of governance code prepared by CMVM.

The Regulation further imposes the disclosure of certain information, including, without limitation, the remuneration of members of the managing and supervisory bodies of the companies.

The new rule marks the rejection of the so-called one-size-fits-all model in Portugal, as companies are given the chance to use a tailor-made governance model better suited to them. The implementation of this tailor-made model, aimed at increasing transparency and disclosure standards, rebuilds confidence, making companies increasingly able to finance themselves in the market.

Mafalda Monteiro




close Register today to read IFLR's global coverage

Get unlimited access to for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice


*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb