In 2016, Transparency International – Macedonia prepared the report: “The National Integrity System of Macedonia”, which contains an analysis of the situation with the pillars of integrity of Macedonia in relation to corruption and the effectiveness of national efforts to deal with corruption. Within this report, an analysis was made and an assessment was given for 15 pillars, which are part of the country’s state regulation. The assessment is made according to a methodology prepared by the Secretariat of Transparency International. Within this report, the work of the Chamber of Commerce of Republic of North Macedonia was analyzed and the Macedonian Stock Exchange within the business sector. The report gave recommendations for promotion and improvement of the work in this sector. TI-M is preparing a new report that should be published during October 2023. For the purposes of this report, the fulfillment of the recommendations was also analyzed.
R1: Chambers of Commerce should adopt a sectoral code of corporate governance that will contain procedures for implementing codes of conduct and developing anti-corruption programs and policies for business entities.
Link to the Corporate Governance Code of the listed joint-stock companies of the Macedonian Stock Exchange AD Skopje:
https://www.mse.mk/mk/content/14/10/2021/corporate-governance-code
R2. The State Commission for Securities and the Macedonian Stock Exchange should form an audit commission that will have the authority to supervise the enterprises and their management.
Such a type of commission has not yet been established.
50% of recommendations implemented
This activity is produced within the framework of the project: EU4 Rule of Law: Citizen Engagement for Public Integrity (CEPI) in the Western Balkans and Turkey supported by the European Union. The statements in this infographic do not represent the statements of the European Union.
