We therefore see the new Code as a highly useful next step and complement to the CBB’s existing measures, and encourage companies, their boards and their management to work further on implementing good corporate governance standards. In conclusion, I would like to comment is on the timeliness of this event.
The global financial crisis has badly affected investor confidence all over the World, as witnessed by falling stock prices across World markets in 2007 and 2008, and a retreat by investors into so-called safe havens of Government bonds and high quality investments.