{"id":1362,"date":"2015-07-02T11:38:44","date_gmt":"2015-07-02T11:38:44","guid":{"rendered":"http:\/\/progresomicrofinanzas.org\/?p=1362"},"modified":"2017-11-30T12:14:18","modified_gmt":"2017-11-30T12:14:18","slug":"new-country-code-and-implementation-report","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/new-country-code-and-implementation-report\/","title":{"rendered":"New Country Code and Implementation Report"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/wp-json\/wp\/v2\/posts\/1362?print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/wp-content\/plugins\/pdf-print\/images\/pdf.png\" alt=\"image_pdf\" title=\"View PDF\" \/><\/a><a href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/wp-json\/wp\/v2\/posts\/1362?print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><\/a><\/div><p>The Code of Best Corporate Practices \u2013 Country Code, published through External Circular 028\/2014, will contain 33 measures with 148 recommendations on: (i) Rights and Equitable Treatment of Shareholders, (ii) General Meeting of Shareholders, (iii) Board of Directors, (iv) Control Architecture, and (v) Transparency and Financial and Non-financial Reporting. The Code&#8217;s structure will be based on the \u201ccomply or explain\u201d principle and its recommendations are voluntary for securities issuers.<\/p>\n<p>For each recommendation, issuers must describe how they have implemented it or why they have not done so. On the first occasion of reporting a recommendation, the institutions must specify the date on which it was adopted.<\/p>\n<p>The Country Code establishes that the institutions\u2019 bylaws must describe their compliance, and the compliance of their directors and employees in general, with the recommendations adopted and how it is monitored. It also sets out the institutions\u2019 duty to submit the results of the implementation report to the Annual General Meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Code of Best Corporate Practices \u2013 Country Code, published through External Circular 028\/2014, will contain 33 measures with 148 recommendations on: (i) Rights and Equitable Treatment of Shareholders, (ii) General Meeting of Shareholders, (iii) Board of Directors, (iv) Control Architecture, and (v) Transparency and Financial and Non-financial Reporting. The Code&#8217;s structure will be based [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":1506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"tags":[],"class_list":["post-1362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","numero-1-en","seccion-published-and-draft-legislation-corporate-governance","pais-colombia-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Country Code and Implementation Report<\/title>\n<meta name=\"description\" content=\"The Code of Best Corporate Practices \u2013 Country Code will contain 33 measures with 148 recommendations\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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