The Montenegro Capital Market Authority adopted a draft Corporate Governance Code and launched a public consultation on the text, setting out updated corporate governance standards for Montenegro’s capital market. The draft was prepared under the Twinning Light project “Strengthening Corporate Governance Provisions and Administrative Capacity of the Capital Market Authority of Montenegro”, implemented in partnership with the Croatian Financial Services Supervisory Agency (HANFA). The authority presented the code as a step to strengthen the regulatory framework and align with European best practices, with a focus on greater transparency and accountability of issuers. Comments and suggestions can be submitted during the public consultation until 4 September 2025.
Montenegro Capital Market Authority 2025-08-22
Montenegro Capital Market Authority adopts draft Corporate Governance Code and opens public consultation through 4 September 2025
The Montenegro Capital Market Authority adopted a draft Corporate Governance Code and initiated a public consultation to update governance standards in Montenegro’s capital market. Developed under the Twinning Light project with the Croatian Financial Services Supervisory Agency, the code aims to enhance regulatory frameworks and align with European best practices, emphasizing transparency and accountability.