The Institut Luxembourgeois des Administrateurs (ILS) together with the Luxembourg Stock Exchange on Tuesday held a conference entitled 'Current Challenges facing the EC on Corporate Governance'.
The keynote speaker for the conference was Claire Bury, Head of Unit for Company Law, Corporate Governance and Financial Crime of the European Commission (Directorate General Internal Market & Services).
During her speech, Ms Bury underlined the value of having corporate governance rules accessible and understandable to all.
The speech was followed by a panel discussion with questions from members of the audience.
The panel was made up of directors from leading companies in Luxembourg, who spoke about their experiences and gave suggestions on the setting up of corporate governance policies within Luxembourg companies.
The Luxembourg Stock Exchange has supported the creation of corporate governance rules since the launch, in 2003, of the European Commission’s Action Plan on modernising company law and enhancing corporate governance.
It continues to support and lead corporate governance initiatives, most notably by the application to companies listed on the Luxembourg Stock Exchange of its “10 Principles of Corporate Governance".
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