{"id":463,"date":"2023-10-19T11:43:09","date_gmt":"2023-10-19T11:43:09","guid":{"rendered":"https:\/\/companyincorporationmalta.com\/?p=463"},"modified":"2023-10-19T11:43:10","modified_gmt":"2023-10-19T11:43:10","slug":"company-management-in-malta","status":"publish","type":"post","link":"https:\/\/companyincorporationmalta.com\/company-management-in-malta\/","title":{"rendered":"Company Management in Malta"},"content":{"rendered":"\n<p>Companies put a great price on\u00a0<strong>compliance management<\/strong>\u00a0that is primarily regulated by the\u00a0<strong><a href=\"https:\/\/www.companyincorporationmalta.com\/company-act-in-malta\">Companies Law in Malta<\/a><\/strong>\u00a0and supported by the\u00a0<strong>Code of Principles of Good Corporate Governance<\/strong>\u00a0by the Malta Financial Services Authority (MFSA).<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #002e5b;color:#002e5b\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #002e5b;color:#002e5b\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyincorporationmalta.com\/company-management-in-malta\/#the-code-of-good-corporate-governance-in-malta\" title=\"The Code of Good Corporate Governance in Malta\">The Code of Good Corporate Governance in Malta<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyincorporationmalta.com\/company-management-in-malta\/#the-directors-of-maltese-companies\" title=\"The directors of Maltese companies\">The directors of Maltese companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/companyincorporationmalta.com\/company-management-in-malta\/#the-chairman-and-chief-executive-of-maltese-companies\" title=\"The chairman and chief executive of Maltese companies\">The chairman and chief executive of Maltese companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/companyincorporationmalta.com\/company-management-in-malta\/#corporate-social-responsibility-csr-in-malta\" title=\"Corporate social responsibility (CSR) in Malta\">Corporate social responsibility (CSR) in Malta<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"the-code-of-good-corporate-governance-in-malta\"><\/span><strong>The Code of Good Corporate Governance in Malta<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The&nbsp;<strong>Maltese Code of Good Corporate Governance<\/strong>&nbsp;was enabled by the MFSA in 2001 and it is based on the guidelines of the Organization for Economic Cooperation and Development on&nbsp;<strong>corporate governance<\/strong>. The main goal of the Code is to provide a framework for the&nbsp;<strong>management members<\/strong>&nbsp;of&nbsp;<strong><a href=\"https:\/\/www.companyincorporationmalta.com\/types-of-companies-malta\">Maltese companies<\/a><\/strong>&nbsp;in terms of how a company should be managed keeping in mind the shareholders\u2019, the employees\u2019 and public\u2019s interests.<\/p>\n\n\n\n<p>The&nbsp;<strong>Maltese Code of Good Corporate Governance<\/strong>&nbsp;advises companies to establish&nbsp;<strong>management boards of directors<\/strong>&nbsp;conducted by chairmen who would evaluate on an yearly basis the directors\u2019 performances.&nbsp;<strong>Corporate governance in Malta<\/strong>&nbsp;basically represents the whole relationship that is established between the company\u2019s component members and translates itself through&nbsp;<strong>transparency and responsibility<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"the-directors-of-maltese-companies\"><\/span><strong>The directors of Maltese companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Code clearly states that a company should have a&nbsp;<strong>board of directors<\/strong>&nbsp;that will conduct and control it. The board of directors must protect the company\u2019s goods and they should drive the company towards the&nbsp;<strong>improvement of the company\u2019s results<\/strong>.<\/p>\n\n\n\n<p>The directors of a company should show&nbsp;<strong>moral integrity<\/strong>&nbsp;<strong>and responsibility<\/strong>&nbsp;towards the shareholders of the company and act in their best interests when making decisions about the company\u2019s future. According to the Code, directors must have a broad knowledge of&nbsp;<strong>company management<\/strong>&nbsp;backed up by a proper experience, should be&nbsp;<strong>competent, honest and integer<\/strong>. The directors will be nominated and removed from their functions by the shareholders of the company.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"the-chairman-and-chief-executive-of-maltese-companies\"><\/span><strong>The chairman and chief executive of Maltese companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>According to&nbsp;<strong>the Maltese Code of Corporate Governance<\/strong>, the chief of the company\u2019s&nbsp;<strong>management board<\/strong>, usually known as the&nbsp;<strong>chairman<\/strong>, should be distinguished by the chief of the company\u2019s business, mainly known as the&nbsp;<strong>chief executive<\/strong>. The&nbsp;<strong>chairman<\/strong>&nbsp;is the leader of the board of directors and his or her duties are to help the directors for making the best use of their abilities.<\/p>\n\n\n\n<p>The Code advises that the&nbsp;<strong>chairman<\/strong>&nbsp;and the&nbsp;<strong>chief executive of a company<\/strong>&nbsp;should be separate persons as to avoid the absorption of power by one person and responsibilities between the two entities must be clearly stated in writing with the agreement of the board.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"corporate-social-responsibility-csr-in-malta\"><\/span><strong>Corporate social responsibility (CSR) in Malta<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Corporate social responsibility,<\/strong>&nbsp;according to the&nbsp;<strong>Maltese Code of Good Corporate Governance,<\/strong>&nbsp;states that the&nbsp;<strong>management of the company<\/strong>&nbsp;should act ethically by contributing to the economic enhancement, employees\u2019 and society\u2019s welfare.&nbsp;<strong>Corporate social responsibility in Malta&nbsp;<\/strong>refers to the&nbsp;<strong>company\u2019s management<\/strong>&nbsp;that should go beyond the legal responsibilities and simple&nbsp;<strong>compliance management<\/strong>, by investing in sectors like the development of&nbsp;<strong><a href=\"https:\/\/www.companyincorporationmalta.com\/workforce-in-malta\">human resources<\/a><\/strong>.<\/p>\n\n\n\n<p>If you want to&nbsp;<strong><a href=\"https:\/\/www.companyincorporationmalta.com\/register-company-malta\">set up a company<\/a>&nbsp;in Malta<\/strong>&nbsp;and need advice on&nbsp;<strong>corporate governance matters,&nbsp;<\/strong>you can&nbsp;<strong><a href=\"https:\/\/www.companyincorporationmalta.com\/contact-us\">contact<\/a>&nbsp;<\/strong>our&nbsp;<strong>company incorporation agents in Malta.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Companies put a great price on\u00a0compliance management\u00a0that is primarily regulated by the\u00a0Companies Law in Malta\u00a0and supported by the\u00a0Code of Principles of Good Corporate Governance\u00a0by the Malta Financial Services Authority (MFSA). The Code of Good Corporate Governance in Malta The&nbsp;Maltese Code of Good Corporate Governance&nbsp;was enabled by the MFSA in 2001 and it is based on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":91,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[101,102,99,100],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Company Management in Malta<\/title>\n<meta name=\"description\" content=\"The article offers information about company management in Malta. 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