OECD Corporate Governance Factbook 2025: Lithuania
Table of contents
This Country Note consolidates information published in the 2025 edition of the OECD Corporate Governance Factbook. Along with the summary of recent developments, it provides an overview of Lithuania’s corporate governance framework and related information benchmarked against 51 other jurisdictions covered by the Factbook, including all OECD and G20 members.
The information in this document is as of 31 December 2024 unless otherwise specified.
For further details, please refer to the OECD Corporate Governance Factbook 2025.
Amendments to the Law on Companies were adopted in November 2022 and, for certain provisions, entered into force in May 2023 to improve the business environment by simplifying the legal framework. The amendments enhance the regulation of shareholders’ participation and voting at general meetings by electronic means, liberalise legal provisions for issuing different classes of preferred shares, introduce a legal framework for the squeeze-out and sell-out of minority shareholders’ shares, and include other important changes.
In July 2024, the Law on Reporting by Undertakings and Groups of Undertakings (LRUGU) and the Law on the Audit of Financial Statements and Other Assurance Services entered into force (transposing Directive (EU) 2022/2464 (CSRD)), requiring companies to disclose sustainability information in accordance with European Sustainability Reporting Standards and integrating the assurance of sustainability information into the statutory audit framework.
Following the amendments to the Law on Personal Income Tax of the Republic of Lithuania, a new investment solution — the investment account — came into effect in Lithuania on 1 January 2025. Its purpose is to encourage residents to invest in various financial instruments, with reinvested profits being exempt from taxation.
Amendments of the LRUGU entered into force on 1 July 2025 and provide a possibility for medium-sized groups of companies not to prepare consolidated financial and consolidated management reports. Amendments also transpose provisions of the Directive (EU) 2025/794 (Stop the clock Directive) and postpone preparation of sustainability reports for some companies.
Aiming to further improve the business environment and promote capital market development, in June 2025, amendments to the Law on Companies were adopted, introducing a legal framework for redeemable shares, allowing the general meeting of shareholders to delegate decisions on capital increases to the management body, establishing the right of companies to provide financial assistance for acquiring their shares, and refining provisions on the distribution of profits. The amendments will enter into force on 1 July 2026.
In January 2023, the Capital Market Council was established to provide recommendations on the implementation of capital market development measures and to coordinate actions among different institutions. It is also responsible for the overall strategy of Lithuania’s capital market development and maintains a dialogue between state institutions and market participants.
|
No. of listed companies in Dec 2024 |
Change since Dec 2021 |
Market capitalisation in Dec 2024 |
Ratio to GDP |
||
|---|---|---|---|---|---|
|
Lithuania |
24 |
|
-4% |
USD 5 bn |
5.8% |
|
OECD members |
21 618 |
|
4.3% |
USD 92 518 bn |
136.5% |
|
World |
46 086 |
|
11.3% |
USD 124 536 bn |
112.7% |
Note: “World” covers 98 jurisdictions. “OECD members” covers 38 countries.
Source: OECD Capital Market Series Dataset. IMF.
Note: “World” covers 98 jurisdictions.
Source: OECD Capital Market Series Dataset.
Note: The share of companies in each jurisdiction where the single largest shareholder and the three largest shareholders own more than 50% of the company’s equity capital. “World” covers 98 jurisdictions.
Source: OECD Capital Market Series Dataset.
The categories that the jurisdiction fits into are highlighted in blue.
The bold numbers and words indicate country-specific additional information.
The numbers within parentheses indicate the number of jurisdictions applicable to each category.
For further information on the methodologies used for the categorisations, please see the OECD Corporate Governance Factbook 2025.
* Some jurisdictions belong to multiple categories because of the additional requirements other than a percentage of shareholding.
* Jurisdictions where mandatory takeover bid rules exist are included.
** Some jurisdictions belong to multiple categories.
* Some jurisdictions belong to multiple categories.
* Some jurisdictions belong to multiple categories.
* Some jurisdictions belong to multiple categories.