Corporate Government Manual

Corporate governance has attracted the attention and is receiving widespread nowadays, both worldwide and in Albania. Although stock companies are few in number in our country compared with other countries in the region, they constitute the most dynamic Albanian businesses. As such, it demands of the time that stock companies follow the principles for good governance of their own. Should distinguish in this context, the separation of ownership from management of the company, the quality of the Board of Directors which plays a key role in the governance of society, the responsibility on stakeholders, as well as other important issues based on the principles of good governance Corporate.

Good governance means the recognition, observance and enforcement of legality, as well as a high culture in the governance and management of the company. Principles of good governance are key elements of their responsibility, integrity, confidentiality, transparency and openness of information. Given the importance and impact of large companies that have stock in our country, are these principles on which they are based must, in order to be more efficient on the market. Good Governance of companies, reinforces the security, integrity and market efficiency, making possible the growth and financial stability, and making Albania a country always more attractive to investors.

Thanks to project the International Finance Corporation (IFC) under the patronage of the Swiss State Secretariat for Economic Relations (SECO), Corporate Governance in Albania, Albanian businesses and especially societies Stock will have the opportunity to have their hands Manual Corporate Governance. The manual will come to their aid to conduct based on principles of governance as well as the best global practices.

The manual is a guide to guide businesses in Albania, for their good governance. The manual will help you stock companies devote a special attention of capital market in Albania, being to enable those new ways of investment. Activity of the capital market will make businesses understand the benefits of this market, will bring increased access to funding, increased performance and transparency of companies in the market. The manual will help shareholders for their decision-making with respect to ownership shares and how they will be able to use the organized market of securities (stock market) for their marketing. Also, will guide the boards and senior management of companies to be forward-looking management strategies and policies, and be held accountable before the shareholders and stakeholders. Above all manual will help in raising awareness of shareholders and management to increase transparency and information disclosure

On behalf of the TSE, we express gratitude for the International Finance Corporation (IFC) and the Swiss State Secretariat for Economic Relations (SECO), as Project and Corporate Governance Manual in Albania is at the same time and a support for the activation of market organized securities (Stock Exchange).


Anila Fureraj
General Manager
Tirana Stock Exchange