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Legislative developments with regard to Law 4706/2020 on corporate governance

"Policy of Appropriateness" and "Specification of the system for imposing penalties"

Legislative developments with regard to Law 4706/2020 on corporate governance

Consistent with our commitment to keep you updated on the most important developments, we outline below the key points on the recent legislative developments with regard to Law 4706/2020 on corporate governance, as provided for by Circular No 60 entitled «Guidelines on the Policy of Appropriateness of article 3 of Law 4706/2020» issued by the Hellenic Capital Market Commission (HCMC) and Decision No 1A/890/18.9.2020 entitled «Specification of the system of determination, calculation and measurement of the rate of penalties per infringement imposed according to article 24 of Law 4706/2020» issued by HCMC’s Board of Directors.

In this edition (Download PDF 130.1 KB)

  • Policy of Appropriateness

    Establishment, monitoring and revision of the Policy of Appropriateness
    Principals of the Policy of Appropriateness
    Appropriateness assessment criteria

  • Specification of the system for imposing penalties
     

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