The design and implementation of a share-based incentive plan involves three steps: an analysis of market trends; the need to comply with best practices recommended by proxy advisors and the CNMV good governance code; and preparation of all necessary legal documentation for approval by the company’s governing bodies and the shareholders’ meeting.
March 9 will see the entry into force of the new Public Sector Contracts Act transposing to the Spanish legal system the directives with which the European Union aims to establish a more efficient and transparent framework for public contracting, and improved economic conditions  for governments.