The Corporate Governance Code (CGC) is a set of guidelines which is primarily intended to be observed by the companies listed on the stock exchange. Compliance with the provisions of CGC is not mandatory, the Company has the obligation to disclose and substantiate as to whether and to which extent CGC is not complied with. Listed companies are subject to the requirement “fulfil or explain” since 1 January 2006.
In its business activities, AS Ekspress Grupp proceeds from laws and legal provisions and, as a listed company, proceeds from the requirements of the Tallinn Stock Exchange and takes into account the guidelines of the Corporate Governance Code in its activities to a great extent. For practical considerations, some of the recommendations are partially followed.AS Ekspress Grupp Report of the Corporate Governance Code 2015