AENOR has created a new certification in Good Corporate Governance in unlisted companies. Following the launch of the first certification solution for good corporate governance in 2021, the company has seen the need to develop a scheme that is particularly suited to the characteristics of unlisted companies, such as those owned by family members.
This solution was created with the aim of helping companies and other private legal entities to generate security and value, especially for their stakeholders. According to a recent study by ESADE, 88% of unlisted Spanish companies define Corporate Governance as a priority area for their organisation. So much so, that companies themselves acknowledge their closer alignment with the requirements of Good Corporate Governance, in aspects already required by regulations for listed companies and the financial sector.
The AENOR new Good Corporate Governance solution is an innovative certification, designed to improve and certify governance practices in all types of organizations, including trading companies, associations, foundations and cooperatives. It is based on the standards UNE ISO 37000 Governance of organisations: Guidance, and UNE ISO 37004 Governance of organisations Governance maturity model: guidance, as well as on specialist guides in the field. It includes updated best practices in good governance and improves its content, allowing companies to showcase their good performance in this field to their stakeholders: investors, proxies, customers, employees, the regulator and society at large.
Please find more information in the press release attached.
Portugal