On Dec. 16, CRO HANFA adopted a new corporate governance code.
CRO HANFA and Zagreb Stock Exchange have jointly adopted a new Code of Corporate Governance to strengthen trust in the capital market, sustainability, and resilience.
Overview
The signing ceremony of the Joint Protocol on the adoption of the new Code was held on Dec. 16 as part of the traditional award ceremony of the Zagreb Stock Exchange.
The Code aligns with the OECD recommendations for Croatia as part of membership.
Special attention was paid to improving the management of transactions with related parties, publishing shareholder agreements, holding virtual meetings, as well as strengthening the independence and transparency of supervisory boards.
The changes since the last version also include improvements in the areas of an inclusive work environment, equality, prevention of discrimination, management of conflicts of interest, and responsible business conduct and risk management policies.
Effectiveness
The provisions of the code will apply from Jan. 1, 2025.
