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About Matti Jaakkola

Matti is an analyst covering the Southern Europe region.

Glass Lewis Submission on Spanish SRD II Consultation: Introduction of Loyalty Shares

Glass Lewis has submitted a response to the Spanish consultation on the proposed changes to Spanish Companies Law which transposes Shareholder Rights Directive II ("SRD") into national legislation. While most of the proposed changes are [...]

By |June 13, 2019|Blog, Regulatory Matters|Comments Off on Glass Lewis Submission on Spanish SRD II Consultation: Introduction of Loyalty Shares

Spain is first country to mandate shareholder votes on “non-financial” ESG reporting

On December 28, 2018 the Spanish government approved Law 11/2018, which transposes EU Directive 2014/95/EU on disclosure of non-financial and diversity information into Spanish law. The new law amends the Spanish Commercial Code by specifying [...]

By |February 20, 2019|Blog|Comments Off on Spain is first country to mandate shareholder votes on “non-financial” ESG reporting

Santander CEO Succession Saga Highlights Cost of Deferred Compensation

Last week’s announcement that Andrea Orcel would not be Banco Santander’s next Group CEO came as something of a shock, not least for the reason why: the cost. When the appointment was initially announced back [...]

By |January 29, 2019|Blog|Comments Off on Santander CEO Succession Saga Highlights Cost of Deferred Compensation

Spanish Court Ruling Delivers Uncertainty on Director Pay

Oversight and governance of public company remuneration in Spain had long been straightforward – until a recent Supreme Court ruling muddied the waters. Article 217 of Spanish Companies Law (“LSC”) provides shareholders at the general [...]

By |June 21, 2018|Blog|Comments Off on Spanish Court Ruling Delivers Uncertainty on Director Pay

Portugal: New Governance Code Sets Higher Standards for Board Independence

After a long birthing process, a new corporate code for Portugal has now finally seen the light of day. The code, which operates on a “comply or explain” premise, is structured on two levels: principles and recommendations, where principles provide a basis for the interpretation and [...]

By |October 20, 2017|Blog|Comments Off on Portugal: New Governance Code Sets Higher Standards for Board Independence

Spanish Companies Exiting Catalonia After Referendum

When voters took to polls on 1 October to decide on the independence of Catalonia, there were seven companies in IBEX-35 with registered office in the autonomous community. A week after, and with the Catalan [...]

By |October 10, 2017|Blog|Comments Off on Spanish Companies Exiting Catalonia After Referendum
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