Gobierno Corporativo

Garrigues

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  • The CNMV and the ICAC publish a statement on sustainability reports in the interim before transposition of the CSRD Directive in Spain

    They recommend preparing non-financial information statements in line with the new EU rules, without overlooking the Spanish corporate law rules in force

  • The role of sustainability in institutional investors’ decision-making and what proxy advisors do

    The embedding of ESG factors in corporate governance and the prominent role of proxy advisors were key topics in the seminar How Institutional and Proxy Advisors Approach Sustainability at Listed Companies, organized by Garrigues Sustainable Dialogs.

  • ESRS: The consolidated version (including the corrigendum) of the first set of European sustainability reporting standards is now available in EUR-Lex

    These standards, which have applied since January 1, 2024, specify the information that companies must disclose on sustainability matters, as well as the uniform manner in which they must present it.

  • Reflecting sustainability criteria in pay is key to achieving ESG goals

    An increasing number of companies are taking sustainability criteria into consideration not only in executive and director pay, but also in the pay of their staff as a whole, in order to better achieve their ESG goals. We addressed this dynamic in the Garrigues Sustainable dialogs.

  • Spain: Publication of the Bill for an organic law on equal representation and a balanced presence of women and men

    This proposal transposes into Spanish law the European directive on improving the gender balance among directors of listed companies and related measures, although it is more demanding in its scope than the provisions in the EU act.

  • Spain: The CNMV analyzes ESG reporting by listed companies as required by the EU taxonomy

    The report looks at the documentation provided by companies and provides some brief general recommendations to help improve the information published.

  • Spain: The public consultation period has begun for the draft bill regulating the corporate reporting framework on environmental, social and governance issues

    The Council of Ministers agreed, on 3 May 2023, to initiate this procedure, which will be available until 25 May, to ensure that those interested in the text of the preliminary draft can make their contributions.

  • Spain: The steps for preparation of the Preliminary Bill for the Sustainability Reporting Law are officially in motion

    Ministry of Economic Affairs and Digital Transformation will be responsible for carrying out the transposition of the corporate sustainability reporting directive (CSRD).

  • Directive on corporate sustainability reporting is published

    The new EU legislation requires companies to report regularly on the effect of their activities on people and the environment.

  • The European Council approves EU law to improve gender balance on company boards

    The directive lays down that at least 40% of directors of listed companies should be members of the underrepresented sex.