The Luxembourg Stock Exchange has published a revised edition of its Ten Principles of Corporate Governance for listed companies. The new code has maintained the original structure of the ten principles by continuing to rely on three sets of rules: principles (“comply”); recommendations (“comply or explain”); and finally guidelines.
A copy of the principles is currently only available in French, a copy in English will be available in due course. In the meantime, shareholders will be particularly interested in Principle 10 – Shareholders, which brings the Shareholder Rights Directive into focus. There are a total of 10 Recommendations covering availability of agendas, shareholder engagement, publication of shareholder structures and a commitment on the part of companies to make full use of modern technology to facilitate shareholder participation.
Luxembourg Corporate Governance Code >> (French only)