On June 26, 2020 the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores or “CNMV”) published some amendments to the Spanish Good Governance Code of Listed Companies (the “Code”). CNMV outlined four [...]
Glass Lewis has submitted a response to the Spanish consultation on the proposed changes to the Spanish Corporate Governance Code. The current proposal for the revision of the Code focuses on adapting the recommendations to [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]