The Warsaw Stock Exchange Supervisory Board adopted a new set of corporate governance rules for companies listed on the WSE. 'Best Practice for WSE Listed Companies 2021' will enter into force on July 1, 2021.This is another version of the set of corporate governance rules applicable to companies listed on the WSE Main Market since 2002.
“The document prepared by the Warsaw Stock Exchange together with the Corporate Governance Committee of the WSE reflects current trends and European regulations in the area of corporate governance. The transparent structure of the new document, its short form and accessible language should contribute to a better understanding of the subject matter included in the Best Practices and thus increase the interest of companies and shareholders,” Jakub Modrzejewski, Vice President of the Exchange Supervisory Board, Chairman of the Committee Regulatory and Corporate Governance, said.
The adopted set of Best Practices 2021 is the result of the work of experts representing various groups of capital market participants, who are members of the GPW Corporate Governance Consulting Committee. The Best Practice Project was subject to public consultations, attended by, inter alia, representatives of issuers and stock exchange investors, as well as institutions and associations present on the capital market.
“The goal of DPSN 2021 is to increase the quality and increase the transparency of the Polish capital market. It is very important and valuable that Best Practices are created by market participants. The stock exchange is the custodian of this set of rules, but thanks to the strong commitment of the Corporate Governance Committee operating at the WSE, as well as extensive public consultations, the Good Practices were in fact created by the market and for the market. We hope that the participants of the Polish capital market will actively support Best Practices and will also be involved in monitoring their application by listed companies,” Piotr Borowski, Member of the WSE Management Board, emphasized.