Montenegro Stock Exchange adopted Corporate Governance Code

Thursday, 29 October 2009

The Montenegro Stock Exchange, has adopted the Corporate Governance Code in Montenegro. The Corporate Government Code of the Montenegro Stock Exchange emerged as the result of the cooperation between the Montenegro Stock Exchange and the International Financial Corporation (IFC), within the Program of Corporate Governance in the Southeast Europe, which is being implemented with the financial support of the Swiss State Secretariat for Economic Affairs (SECO). It has been produced with the contribution of distinguished domestic and foreign experts. With their constructive suggestions, the experts from domestic capital market also gave their input to the existing content of the Code. The Corporate Governance Code in the Montenegrin capital market resulted from the need of further development of the market, listening to the needs and desires of participants in the market, above all the investors. This is the document which the company will accept or explain the discrepancy from it.