Stock Exchange Issuers: Good Practices to be Mandatory  

Companies registered with the Superintendency of Securities and Exchange in Panama will have to comply with standards of good corporate governance.

Monday, April 4, 2016

The Superintendency of Securities (SMV) of Panama announced the topics that it has been working on with the Institute of Corporate Governance Panama (IGCP), to prepare companies selling products on the stock market to comply with the upcoming implementation of the Good Corporate Government, reported

"... The companies regulated by the SMV will be required to appoint an independent director and the establish good administrative practices. Among the trained personnel that will be required are accountants, business managers, financiers, and general managers."

"... In the view of Maria Elvira Rodriguez, president of the Comisión Nacional del Mercado de Valores in Spain, it is essential that companies have independent directors, risk committees, auditing and ethics officers".

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