COBALT Partner and Head of Corporate and Commercial Law Practice Group, Gatis Flinters, has been appointed Chair of the Corporate Governance Advisory Council at the Ministry of Justice of the Republic of Latvia. Gatis Flinters assumes the role with a clear mandate to provide practical support to Latvian companies by fostering bold yet considered decision-making and championing the implementation of global best practices in corporate governance.
Development through action and best practice
“As a society, we have gained valuable insights from past experiences; today’s business leaders have a clear understanding of their boundaries and responsibilities. Yet, sustainable growth is impossible without action. Moving forward, it will be essential to take decisive steps and embrace calculated risks,” says Gatis Flinters.
“It is a great honour to lead the Corporate Governance Advisory Council at this pivotal stage for Latvian business. The Council is committed to continuing its practical support for companies – assisting them in making better decisions and ensuring that every process delivers a clear, tangible result.”
About the Corporate Governance Advisory Council
The Council serves as a strategic support instrument for Latvian enterprises. Its primary responsibilities include:
- Continually refining and updating the Latvian Corporate Governance Code to ensure it aligns with global benchmarks.
- Championing excellence and articulating the strategic value of robust corporate governance as a driver of long-term business success.
- Cultivating a deep understanding of governance principles and fostering their seamless application across the private and public sectors.
- Providing expert recommendations for legislative advancements to ensure Latvia’s legal framework remains competitive and transparent.
