Suchergebnisse

3. It has to be taken into consideration that implementation of the new standards and principles is a complex and long process which is presently supervised by the Commission of the Stock Exchange. State financing ensures political independence of the institution and enables to attract highly qualified professionals. 4. It is expedient to harmonize laws and regulations because present inconsistency in the Law on Public Companies, the Law on the Securities Market and the Law on Financial Measures in the Republic of Lithuania leave many opportunities for companies to interpret the principles of the Code differently. 5. Although the principles stipulated in the Code are important, research results showed that some principles are ignored, others are implemented formally; therefore the Codes of Corporate Governance do not fully disclose the information which would enhance transparency and accountability of corporate governance.

3. It has to be taken into consideration that implementation of the new standards and principles is a complex and long process which is presently supervised by the Commission of the Stock Exchange. State financing ensures political independence of the institution and enables to attract highly qualified professionals. 4. It is expedient to harmonize laws and regulations because present inconsistency in the Law on Public Companies, the Law on the Securities Market and the Law on Financial Measures in the Republic of Lithuania leave many opportunities for companies to interpret the principles of the Code differently. 5. Although the principles stipulated in the Code are important, research results showed that some principles are ignored, others are implemented formally; therefore the Codes of Corporate Governance do not fully disclose the information which would enhance transparency and accountability of corporate governance.

3. It has to be taken into consideration that implementation of the new standards and principles is a complex and long process which is presently supervised by the Commission of the Stock Exchange. State financing ensures political independence of the institution and enables to attract highly qualified professionals. 4. It is expedient to harmonize laws and regulations because present inconsistency in the Law on Public Companies, the Law on the Securities Market and the Law on Financial Measures in the Republic of Lithuania leave many opportunities for companies to interpret the principles of the Code differently. 5. Although the principles stipulated in the Code are important, research results showed that some principles are ignored, others are implemented formally; therefore the Codes of Corporate Governance do not fully disclose the information which would enhance transparency and accountability of corporate governance.