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  • 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.
  • The reform that encourages long-term shareholder engagement at listed companies has been approved and it introduces amendments in terms of corporate governance and the functioning of capital markets

    The Spanish parliament has approved the Law amending the Companies Act (Legislative Royal Decree 1/2010, of July 2, 2010) and other pieces of financial legislation, as regards the encouragement of long-term shareholder engagement at listed companies.
  • COVID-19: Remote meetings or taking action by written consent without holding a meeting are allowed for managing and administrative bodies of business and civil legal entities

    Managing and administrative bodies of business and civil legal entities may as an exception in 2021 hold meetings by phone or remotely or take action by written consent without holding a meeting, even where not expressly permitted by their bylaws.
  • How climate change came to sit in the boardroom

    Boards must take extreme care when informing about the effect of climate change on corporations’ transactions.
  • The first stage has begun for law transposing EU directive on the encouragement of long-term shareholder engagement

    The Ministry of Economy and Business has announced commencement of the comment period for the Preliminary Bill amending the revised Capital Companies Law, approved by Legislative Royal Decree 1/2010, of July 2, 2010 and other financial legislation, to adapt them to Directive (EU) 2017/828 of the European Parliament and of the Council of 17 May 2017 amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement. 
  • The CNMV publishes its conclusions on the Corporate Governance and Directors Remuneration Reports for 2017

    On 17 October 2018, the CNMV published its reports on the Annual Corporate Governance and Directors Remuneration Reports of the listed companies corresponding to the fiscal year 2017.