“Invest in ESG (Environmental, Social, Governance) criteria to become attractive”, urged the chairman of the Hellenic Capital Market Commission Vasiliki Lazarakou the listed companies, emphasizing that the issues of environment, society and corporate governance are the next big bet to be won in Europe and in the world.
Speaking from the podium of today’s event co-organized by the Hellenic Industries Association (SVE) and the Hellenic Capital Market Commission on “Discussion on listed companies and the institutional framework of the capital market”, Ms. Lazarakou pointed out that Greece has made many steps forward and called listed companies to focus mainly on environmental issues.
“The first step in the new era was for Greece to modernize the institutional framework for corporate governance, which was adopted following a proposal by the Hellenic Capital Market Commission in July 2020 and is being implemented for the first time since July this year,” she said. In the time that elapsed until its implementation, the Hellenic Capital Market Commission was “next” to the listed companies, since, as the Capital Market Commission strengthened, it was “a priority for us”. He clarified that there is no single institutional framework for corporate governance, but as he said, every country can and has some rules. Pointing out that the big bet for the Hellenic Capital Market Commission itself is its digital transition, “a reform that will be closely linked to our supervision”, Ms. Lazarakou said that today’s event is the first of a series that will follow in the big cities. of Greece.
The aim of these events is “to inform the listed companies, to provide all the necessary clarifications, so that there are no ambiguities and they can comply with the many obligations and requirements imposed by the regulatory framework of the capital market,” he said. .
She reiterated that the management of listed companies has made a great effort to raise funds from the Greek capital market and stressed: “This year they have already approved 18 newsletters and have raised more than 5 billion euros from the Greek stock market, which “It is an excellent number considering that last year was a year of coronavirus and this year we are trying to overcome it.”
The important role of the Hellenic Capital Market Commission for the country and companies, in the effort made to overcome the challenge of restoring the national economy to high growth rates, underlined the president of SVE, Athanasios Savvakis, emphasizing that ” “After the ten-year financial crisis and the last major crisis due to the coronavirus pandemic, the capital market in our country can and must make a catalytic contribution to attracting capital that will be properly utilized by healthy and extroverted companies.”
The country needs “companies that will be able to apply the principles of Corporate Governance and ESG requirements for sustainable development and that will be able and will be able to comply with the current regulations on notifications and the other legal framework for the listed companies on the Athens Stock Exchange “, stressed Mr. Savvakis.
The president of the Thessaloniki Bar Association, Efstathios Koutsoghinas, expressed his position that the Greek capital market is ready to face the challenges, saying that the sector he represents is ready to contribute to the effort that is being made.
At the event, issues related to the new institutional framework of corporate governance and its implementation by those listed on the ATHEX were analyzed in depth. companies, as well as the new institutional framework for ESG in the European Union (SFDR Regulation) “. Issues related to the notification obligations of listed companies information from the ATHEX listed companies.
At the same time, issues of compliance with the obligations of disclosure of preferential information by issuers, obligations of notification of significant changes in voting rights and obligations of public proposals were raised, while the precautionary and repressive supervision of the Hellenic Capital Market Commission was analyzed.
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Source From: Capital
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