Sara Reis, Coordinator of the Corporate/M&A Department at CCA ONTIER, in statements to Iberian Lawyer, comments on the situation of Portuguese companies regarding the need to ensure the annual report of Corporate Governance. For law firms, the new legal framework creates an opportunity to advise clients on the implementation of compliance rules, and the identification and declaration of the respective beneficial owner.
"Typically, Portuguese companies’ compliance with the 'comply or explain' rule is poor", says Sara Reis.