celebrated 30 years of activity<\/a> and is undergoing significant corporate governance reform. The revised BVB Corporate Governance Code, updated jointly by BVB and the European Bank for Reconstruction and Development (EBRD), will apply from the 2025 financial year.<\/p>\nThe 2024 monitoring report for the previous code indicates high compliance among listed companies in areas such as board independence, conflict-of-interest disclosure, and board structure. However, challenges remain in board evaluation, disclosure practices, and nomination processes, where further guidance and oversight are needed.\u00a0<\/p>\n
The new Committee is intended to serve as a key advisory body, helping to address these weaker areas, BVB said.<\/p>\n
The members of the new body are:\u00a0<\/p>\n
Anar Aliyev – Principal Counsel – Corporate Governance at EBRD;\u00a0
\nMagadalena Caramilea – Sustainability Director at Autonom Group;
\nAdriana Lobda – Co-founder of Envisia Boards of Elite;
\nCalin Metes – Portfolio Manager at Franklin Templeton;
\nRazvan Rusu – Portfolio Manager at Allianz Tiriac Private Pensions Romania;
\nMarian Siminica – Executive Director at The Institute for Financial Studies;
\nIoan Sumandea – Head of Sustainable Corporate Governance and Financial Markets at Banca Transilvania;
\nLoredana Chitu – BVB Board member;
\nRadu Hanga – BVB Board Chairman and Chairman of the Corporate Governance Committee.<\/p>\n
The new code is needed in the current context. The OECD Corporate Governance Factbook 2025 shows strong global momentum toward increased board accountability, clearer separation of oversight responsibilities, and expanded sustainability governance.\u00a0<\/p>\n
\u201cThrough the introduction of the Corporate Governance Committee, BVB aligns itself with these international trends and reinforces Romania\u2019s progress in meeting OECD expectations during its ongoing accession process. The Corporate Governance Committee will focus on three strategic areas: supporting the implementation and monitoring of the revised Corporate Governance Code, promoting alignment with OECD principles and emerging global governance expectations, and fostering a culture of governance excellence across the capital market through guidance, dialogue, and engagement with listed companies,\u201d the institution noted.\u00a0<\/p>\n
radu@romania-insider.com<\/a><\/em><\/p>\n(Photo source: BVB)<\/em><\/p>","protected":false},"excerpt":{"rendered":"The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania\u2019s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate Governance Code, updated jointly by BVB […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8005","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8005"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8005\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}