European Private Equity and Venture Capital Association, EVCA

Summary of the initiative

European Private Equity and Venture Capital Association, EVCA
EVCA Corporate Governance Guidelines set up principles of good governance; principles of conduct as shareholder; principles of conduct as board member; principles of conduct for management. These principles apply to all stages of the business cycle, from purchase, holding to divestment. The corporate governance guidelines are part of a package of guidelines which have been developed by EVCA in cooperation with their members with the involvement of their clients/investors (though they are not formally "endorsed" in any way by clients/investors). This set of guidelines includes valuation guidelines, reporting guidelines industry governing principles and corporate governance principles.
This initiative is now replaced in its entirety by the “EVCA Professional Standards Handbook”, bringing together all the professional standards documents that had previously existed separately.

Description of the Initiative

Obsolete case


    Contact Point - Commission
    FISMA C4

    Self/Co-Regulation Basic Act

    Title of Act
    Corporate Governance Guidelines - Guidelines and good practice in the management of privately held companies in the private equity and venture capital industry

    Geographical Coverage

    Global coverage
    Participating Countries


    Problems that lead to the introduction of Self/Co-Regulation and the adoption of the Founding Act
    Bad decisions and business failures linked to failures of governance;
    Target Group(s)
    Venture capital/private equity business
    Type of Instrument(s)
    Type of Financing
    Type of Monitoring
    Conduct an initial survey of compliance capacity of future regulateesConduct regular visits and spot checksInitiate complaints proceduresMaintain database of those bounded by the normsProduce regular reportsReceive complaints and verify if norms were breached or notReflexive dialogue with the - stakeholdersOther
    European Commission
    National public authority
    International public authority
    Private regulator (code owner)yes
    Private independent party with a mandate (e.g. auditors)yes
    Self-appointed private parties (e.g. NGOs)
    Succinct description of the type of Monitoring
    The conduct of the members is monitored by the EVCA and a special professional standards committee designated by the EVCA.
    Type of Enforcement
    Faming, shaming and blamingJudicial sanctionsMembership suspension/exclusionPrivate finesOther
    Private Regulator
    Private independent party with a mandate (e.g. auditors)
    Court system
    Alternative dispute resolution (ADR) / Online dispute resolution (ODR)
    Succinct description of the type of Enforcement
    EVCA members will abide all rulings and regulations of the Professional Standards Committee.

    Results of Commission Monitoring

    Link / Reference of Evaluation


    SMO self- and co-regulation database - private code 69