The aim of this event (webinar) organised by the European Confederation of Directors’ Associations (ecoDa) will be to present the updated version of its ground-breaking Corporate Governance Guidance and Principles for Unlisted Companies, eleven years after the first edition. This edition has been endorsed by Commissioner Reynders, the OECD, the IFC and European Family Businesses.
With the growing public scrutiny of corporate behaviour and public demand for improved corporate accountability and transparency, ecoDa wanted to revise its principles of good governance for unlisted companies. The new version provides a more modern treatment of the role that ESG issues must play – particularly climate change. The fourteen principles of the 1st edition are still presented from a dynamic phased approach, which takes into account the degree of openness, size, complexity and level of maturity of individual companies.
In a second phase, the aim will also be to involve and discuss with stakeholders concerned by the ecoDa Guidance and Principles, such as family-owned businesses, SMEs and start-ups. This will be an opportunity to exchange good practices and to highlight the strategic importance of having solid corporate governance framework especially in times of crisis (in order to overcome the illiquidity risk and to maintain access to external sources of financing).