Corporate governance

Being a public joint-stock company „Latvijas kuģniecība” cares about its good reputation. One of important factors for achieving and preserving it is to provide the investors, business partners, clients and the public in general with access to information about the company, its business and corporate governance.

Since 2006, NASDAQ OMX recommends compliance with corporate governance principles to all issuers.

These principles address such issues as organizing shareholders’ meetings, the functions and operation of the supervisory council and the board, relations between the company, its shareholders and third parties. Strict compliance is not mandatory, because the principles are based on the „comply or explain” approach. That is, unconditional abidance is not the point, what matters is the openness and integrity – companies differ by sectors of the economy and their individual features, therefore everyone is invited to freely assess the applicability of and adjustments required to adapt the principles to their specific situation. Complying with the principles is considered best practice, following or not following them, if it is justified, is perfectly acceptable.

JSC „Latvijas kuģniecība” corporate governance reports are available for download:

• Year 2008
• Year 2007
• Year 2006

Document is in PDF format, to open it You need  Adobe Reader or any other PDF file reader.