Portugal: IPCG to produce new corporate governance code

Responsibility for the governance code to which listed companies are subject is to change. The Portuguese Securities Market Commission, Comissão do Mercado de Valores Mobiliários, has announced that it will no longer produce a governance code and that responsibility for Portugal's governance code will move to the Instituto Português de Corporate Governance (IPCG: the Portuguese Corporate Governance Institute): see here (pdf, Portuguese). The IPCG has said that it will publish and consult on a new code later this year.

Portugal: CMVM publishes new edition of corporate governance code

The Portuguese Securities Market Commission, Comissão do Mercado de Valores Mobiliários, has published a new edition of its corporate governance code. A copy, in Portuguese, is available here (pdf).

Portugal: new corporate governance recommendations + other developments

The Portuguese Securities Commission (Comissão do Mercado de Valores Mobiliários) has announced that its Executive Board has approved new recommendations on corporate governance with regard to the criteria for determining directors' remuneration, the control of internal risk and the independence of external auditors: see here for further information.

The Commission has also announced - see here - its approval of a Regulation which will require listed companies to publish details of the remuneration policy for directors and supervisory board members.

Finally, the Commission has formed a panel to assess the quality of corporate governance in Portugal: see here for further information.