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Comments on the impact of legislation to the 2009 Code

The law of 6 April 2010 on the reinforcement of corporate governance in listed companies sets out legal obligations for listed companies, amongst which the obligation to disclose a Corporate Governance Statement.

The legal obligations of this particular law have an impact on the 2009 Code, more specifically on the recommendations of  Principle 7, Annexe E and Annexe F.

But also the law of 20 December 2010 on the exercise of certain rights of shareholders in listed companies has an impact on certain recommendations of the 2009 Code.

The note sets out a comparison between the 2009 Code and the legal obligations.