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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

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

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

What Does the Pay Say?

The increasing spotlight on executive compensation shows no sign of abating, with the topic remaining a hot-button issue for shareholders and the general public alike, leading to critical headlines and political exhortations across the globe. Indeed, [...]

By |November 23, 2016|Blog|Comments Off on What Does the Pay Say?

A Last-Minute Revamp of Spanish Corporate Governance for 2015

As the year draws to a close, there is still time for significant developments in the area of European corporate governance for the coming year. Just in time to cause issuers and shareholders to reevaluate [...]

By |December 16, 2014|Blog|Comments Off on A Last-Minute Revamp of Spanish Corporate Governance for 2015
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