Corporate governance in Lithuania

Link to:
Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Knygos / Books
Language:
Anglų kalba / English
Title:
Corporate governance in Lithuania
Publication Data:
Paris : OECD Publishing, 2018.
Pages:
178 p
Series:
Corporate governance
Contents:
Acronyms — Executive summary — Introduction to the corporate governance review of Lithuania — Lithuania’s corporate governance landscape — Economy — Business environment and capital market — Corporate ownership and listing trends — Supervisory boards, management boards and CEOs of listed companies — The corporate governance framework for listed companies — Overall effectiveness of the corporate governance framework — Overview of the SOE sector — Legal, regulatory and governance framework for SOEs — The roadmap for accession: review against core corporate governance principles — Ensuring a consistent regulatory framework that provides for the existence and effective enforcement of shareholder rights and the equitable treatment of shareholders, including minority and foreign shareholders — Requiring timely and reliable disclosure of corporate information in accordance with internationally recognised standards of accounting, auditing and non-financial reporting — Establishing effective separation of the government’s role as an owner of state-owned companies and the government’s role as regulator, particularly with regard to market regulation — Ensuring a level playing field in markets where state-owned enterprises and private sector companies compete in order to avoid market distortions — Recognising stakeholder rights as established by law or through mutual agreements and the duties, rights and responsibilities of corporate supervisory boards — Conclusions and recommendations for strengthening corporate governance in Lithuania — Conclusions — Recommendations — Annex 1. List of Lithuanian state-owned enterprises according to objectives — Annex 2. Status of board appointments in Lithuanian state-owned enterprises — Tables — Figures — Boxes.
Subject Category:
LT
Įmonės. Bendrovės / Companies. Enterprises; Teisėkūra. Teisės šaltiniai / Legislation. Sources of law.
Summary / Abstract:

ENThis review of Corporate Governance in Lithuania was prepared in the context of Lithuania’s accession process to the OECD. It assesses Lithuania’s corporate governance arrangements – the laws, regulations and institutions that shape company oversight – for listed companies and state-owned enterprises (SOEs) against the standards of the G20/OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report reaches a positive overall assessment of Lithuania’s willingness and ability to implement these corporate governance standards and makes a number of recommendations to address remaining weaknesses. With respect to listed companies, the report notably recommends that Lithuania give priority to monitoring implementation of recent legislative reforms to strengthen corporate boards of directors and, in the medium term, consider further strengthening and clarifying their legal responsibilities. With respect to SOEs, this report recommends that Lithuania give priority to further strengthening the effectiveness of the state’s ownership coordination function, ensuring that the state’s requirements on board composition and disclosure practices are fully implemented by the SOEs for which they are mandatory and moving forward with plans to convert commercially-oriented statutory SOEs to limited liability companies.

DOI:
10.1787/9789264302617-en
ISBN:
9789264302600; 9789264302617
Subject:
Vadyba / Management
Permalink:
https://www.lituanistika.lt/content/74646
Updated:
2026-02-25 13:38:54
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