In 2012, the Association began to survey details of corporate governance, in the annual reports.
The aim to determine the extent, quality and availability of information on corporate governance for investors and shareholders. Based on disappointing results, the Association decided to motivate companies to improve the quality of such statements.
Consequently, in 2012 it launched CECGA awards for companies displaying the greatest compliance with the principles of corporate governance and transparency, in accordance with the Code of Corporate Governance in Slovakia.
The awards aim to highlight the best examples of provision of obligatory information, in order to inspire other companies.
The Association assesses companies whose securities are traded on a regulated market (Stock Exchange in Bratislava), for transparency, openness, accountability and the scope, quality and accessibility of information on corporate governance. The main assessment focuses on the level of detail in disclosed information about nomination and remuneration of board members and the audit committee, plus foreseeable risk factors. This information is disclosed in the Statement of Corporate Governance in the Annual Report.
Evaluation is based on publicly available sources, the central register of regulated information of the National Bank of Slovakia, registry accounts and company websites, where annual reports are required to be published.