Bucharest Stock Exchange launches revised corporate governance code for Romanian market, with EBRD support

Bucharest Stock Exchange launches revised corporate governance code for Romanian market, with EBRD support

Bucharest Stock Exchange launches revised corporate governance code for Romanian market, with EBRD support.

Click here: https://bvb.ro/juridic/files/EN%20CGC%20BVB%202025.pdf

The main purpose of the code is to support the issuer's corporate resilience in a rapidly changing world, to increase market resilience and access to capital, as well as to foster innovation and sustainable practices.
The code is applicable to all companies listed on the main market of BVB. The first year of reporting compliance with the new code is 2026, for the financial year 2025. BVB will monitor issuers' compliance with the corporate governance code on an annual basis and will publish annual aggregate monitoring reports.

"We are proud to partner with Romania in launching the revised corporate governance code, an important milestone for OECD accession. The code will strengthen market dynamics, create the foundation for sustainable growth and ensure engagement of companies with their investors to maximise the benefits of the transformative potential of corporate governance reforms. This code is a testament to the country's dedication to building a robust and competitive corporate ecosystem." said Victoria Zinchuk, EBRD Head of Romania.

"This code is more than a regulatory tool; it is a catalyst for trust, fostering a business environment where transparency and accountability thrive. It signals to investors that Romania is ready to compete on a global stage." said Radu Hanga, Chairman of the BVB Board.

Adrian Tanase, CFA, BVB's Chief Executive Officer, added: "The implementation of the revised corporate governance code comes at an important time as Romania seeks to attract new listings, increase its liquidity and elevate its capital markets to Emerging Market status. Strong governance standards are essential to ensuring that we achieve these milestones."

The BVB and EBRD have been supported in revising the code by representatives of renowned institutions from the international governance landscape and from the Romanian private and public sector: the General Secretariat of the Romanian Government, AUTORITATEA DE SUPRAVEGHERE FINANCIARĂ, ARIR - Romanian Investor Relations Association, the promoter of the Investor Relations concept in Romania, ENVISIA-Boards of Elite, the business school for board members and C-level executives and Sodali & Co.