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Stakeholder Consultation on revisiting the Corporate Governance Framework for Entities Authorised by the MFSA and Listed Companies


From: Ministry for Finance and Financial Services
​(Malta Financial Services Authority)
​Published on: ​25 February 2020
Running till: ​20 April 2020
​Last Updated: 21 April 2020
1.        Background

The MFSA has launched a stakeholder consultation setting out several proposals for the promulgation of a comprehensive principles-based Corporate Governance Code which is applicable to all entities authorised by the MFSA and Listed Companies, which would then be supplemented by sector-specific rules and complementing guidance notes. The Authority is proposing that entities will be expected to ‘apply and explain’ the high-level principles-based code, and to ‘comply or explain’ how they are following the applicable rules and guidelines. The consultation also puts forward principles, for inclusion in the proposed Corporate Governance Code, on the Board of Directors, the responsibilities of functionaries and officials, engagement with stakeholders, committees, corporate culture, ethics framework, risk management, as well as other topics.​

2.        Consultation Questions
Questions included in document

3.        Documents 
4.        Submission of input
Submissions were sent:

Submissions were received by 20 April 2020.                                
We thank you for your input.
Data Protection Statement the General Data Protection Regulation and the Data Protection Act (Chapter 586)

The General Data Protection Regulation and the Data Protection Act Chapter 586 regulate the processing of personal data whether held electronically or in manual form. The Ministry for European Affairs and Equality collects only information which is necessary for it to perform its intended functions and is set to fully comply with the Data Protection Principles as set out in the Data Protection Legislation.  Verification of the ID number provided will take place as deemed necessary. All personal data provided will be processed according to the General Data Protection Regulation and the Data Protection Act (Cap 586).
In addition, please be aware of:
·         Disclosure under the Freedom of Information Act (Chapter 496)
As we are a public authority all documents we hold, including documents related to this public consultation process, may be released following a request to us under the Freedom of Information Act (Chap. 496), unless such request may be subject of an exemption arising from the same Act.


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