Article:

Remuneration policies for board and council members of listed companies will be public

02 August 2019

New amendments to the Financial Instrument Market Law were issued in July. The changes entitle shareholders of listed companies with the right to be informed about and to control the remuneration policy for the members of the management board and the council.

The amendments require full public disclosure of the remuneration policy of each listed company, simultaneously affecting the rights to privacy and confidentiality of the individuals concerned.

In this article, Rolands Valdemars, Attorney at Law at BDO Law, explains the new amendments to the Financial Instrument Market Law. Rolands goes through the minimum content requirements of the new remuneration policies, liability for non-compliance to the new amendments, and other significant details.

To find out more, please contact Rolands Valdemars (rolands.valdemars@bdolaw.lv).

The article is available in Latvian and on the website iFinanses.lv