12.07.2015 Views

The Role of Disclosure in Corporate Governance

The Role of Disclosure in Corporate Governance

The Role of Disclosure in Corporate Governance

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How to disclose <strong>in</strong>formation• A Code <strong>of</strong> <strong>Disclosure</strong> must expla<strong>in</strong> the proceduresthat allow <strong>in</strong>formation to better reach its recipient.• Company shall make timely and accurate disclosure whenmatters <strong>of</strong> importance have been decided.• Each Company shall have mechanisms to <strong>in</strong>form <strong>in</strong>vestors, <strong>in</strong>order to ma<strong>in</strong>ta<strong>in</strong> effective communication channels withshareholders, stakeholders and potential <strong>in</strong>vestors.• All Reports by each organism submitted to the Board shall beavailable to the shareholders, with exception <strong>of</strong> such<strong>in</strong>formation <strong>of</strong> a confidential nature as may affect thecompetitiveness <strong>of</strong> the Company.• In addition, it is recommended that the Annual Report <strong>in</strong>cludesthe names <strong>of</strong> the Members <strong>of</strong> each Company’s Body.

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