Workshop on Corporate Governance Chisinau, 14-15 May 2012
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Transcript of Workshop on Corporate Governance Chisinau, 14-15 May 2012
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Workshop on Corporate GovernanceChisinau, 14-15 May 2012
Corporate Governance in Poland
Why? How?
Joanna BanachLegal Department
Polish Financial Supervision Authority
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Legal environment
• Companies’ code• Act on offering financial instruments• Act on trading in financial instruments
X
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Local requirements
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3 unique areas
• From Corporate Governance code to hard law
• Additional points added to Polish Good Practices
• Role of the regulator (PFSA)
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1. Independent directors
Better protection of minority shareholders
CG Code -> Legal Act
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2a. Rumors
• Management of a company should express its view when untrue or partly untrue information is disseminated
2a. Artistic expression
• Information on extracurricular activities
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3. Role of the regulator
• Meetings with potential issuers, questions on:• Prospectus• Corporate governance code• Privileges
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Thank you!