However, it does consider it necessary, whatever the structure chosen, that the chains of reporting and command be established unambiguously, that effective flows of information to and from the top be ensured, and that the responsibilities of the governing bodies and the individual managerial levels be set down in a transparent manner.
[24] In line with this, costs of bank borrowing for firms in energy-intensive sectors do not differ much from those in sectors with lower energy dependence. [25] Yet, funding costs in capital markets differ as green bonds tend to trade at a premium compared to comparable conventional bonds. [26] The corporate sector will have to adjust to the new macrofinancial environment.