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Good Governance Code of Listed Companies Revised June 2020

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Summary

Four years after the approval of the Good Governance Code, the CNMV’s Activity Plan for 2019 included the objective of reviewing and clarifying some of its recom­ mendations. Once the corresponding texts had been prepared, it was resolved to expand the scope of the reform to add the review of some additional aspects, which was included in the Activity Plan for 2020. The proposed amendment, which is lim­ ited in scope, was submitted to public consultation between 15 January and 14 Feb­ ruary 2020, and a number of opinions and comments were submitted by various corporations and stakeholders that were taken into account to determine the final scope of the changes made.

Thumbnail image for Four years after the approval of the Good Governance Code, the CNMV’s Activity Plan for 2019 included the objective of reviewing and clarifying some of its recom­ mendations. Once the corresponding texts had been prepared, it was resolved to expand the scope of the reform to add the review of some additional aspects, which was included in the Activity Plan for 2020. The proposed amendment, which is lim­ ited in scope, was submitted to public consultation between 15 January and 14 Feb­ ruary 2020, and a number of opinions and comments were submitted by various corporations and stakeholders that were taken into account to determine the final scope of the changes made.
Issuer

Spain

Year

2020

Region

Europe

Issuer (type)

National Securities Market Commission; Comisión Nacional del Mercado de Valores (CNMV) (Financial Regulator)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Professional, Scientific, & Technical Services
  • Public administration
  • Transportation & Warehousing
Restrictiveness

High

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality

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