Articles by Fernando Rodríguez

About the Author

Fernando Rodríguez
Fernando Rodriguez is in charge of PR and Development at The Corner. He has worked for over 30 years for financial publications like Expansion, El Economista, Dossier Empresarial, Ciudadano and Afa Press-Worldfolio and has been a contributor to El Pais-Negocios, Emprendedores, Época, Sector Ejecutivo and Consejeros. Fernando holds a degree in Journalism from CEU-San Pablo (Complutense University) and a master’s degree in Strategic Communication from CESMA business school. As a communication consultant, he has developed PR projects for firms like Grupo Bancaja, JP Morgan, GBS, Corpfin, QBE, Howden, Asociación Española de Leasing y Renting (AELR) or Asociación Española de Accionistas Minoritarios de Empresas Cotizadas (AEMEC).
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Foreign funds now account for 45.4% of collective investment in Spain

Fernando Rodríguez | The weight of foreign funds and Sicav has increased from 8.1% to 45.4% of the total invested in the last fourteen years, according to the comparative analysis of profitability and costs between Spanish CIIs and foreign CIIs marketed in Spain published in the latest quarterly bulletin of the CNMV. “In this period, the assets of foreign CIIs have multiplied by 16, from 18,000 million at the end…


Circulo

“It is a tragedy that we are not able to distribute NextGen funds with pragmatism and speed”.

F. R. | Francisco Román, President of the ESG Group of the Círculo de Empresarios, assures that “What we do in the Círculo is a call for pragmatism and common sense, which is the basis for the functioning of companies” Q- The Círculo de Empresarios is calling for the application of sustainability regulations to be diversified according to the type of company. What should be the threshold or indicator to…


Madrid Stock Exchange revision

“The Remuneration Report At Banco de Sabadell Obtained Over 38% Dissent Votes”

“Shareholders and proxy advisors are being very critical of directors’ pay and board composition, as evidenced in voting.” explains Nancy Hameni (Head of Proxy & M&A at Cmi2i) to Fernando Rodriguez. Q- What do you think is most remarkable so far in the 2022 Spanish AGM season ?A- Halfway through the 2022 AGM season, we are seeing executive compensation and board elections as the most prominent trends within the IBEX-35….


Moloney

“ESG Standards Platform To Be Ready In 2022” Says IOSCO Secretary General

Fernando Rodríguez (Emisores) | Irishman Martin Moloney is the new Secretary General of IOSCO (International Organisation of Securities Commissions), which brings together 130 supervisory bodies of the world’s most important stock exchanges. The organisation has accelerated its work so that next year investors will have a global platform or baseline with which to operate safely in the variegated and confusing world of ESG products and standards. Q: IOSCO supports a…


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IOSCO and IFRS aim to present their ESG standard prototype at COP26

Fernando Rodríguez | Ahead of the COP26, IOSCO, the international forum which encompasses 95% of global stock market regulators, is collaborating with IFRS, dedicated to developing standards for financial and non-financial information. The two organisations are working flat out to be able to present an ESG standard prototype, and its corresponding recommendations, to financial intermediaries at the conference on climate change to be held in Glasgow, Scotland, October 31-November 12….


Madrid stock market

Out of Spanish Listed Companies 29.6% Have A Single Controlling Shareholder

Fernando Rodríguez | Of the 125 Spanish listed companies which submitted the Annual Corporate Governance Report (IAGC) for the 2020 financial year, 29.6% have in their shareholding an individual, natural or legal person, who holds the majority of voting rights. This person “exercised or could exercise control,” according to the ad hoc report published by the Spanish National Securities Market Commission (CNMV). The report flags that amongst 64% of the…


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BME’s AIAF Market Exceeds €47 Billion In Sustainable Funding

Fernando Rodríguez| The AIAF market has surpassed 47 billion euros in sustainable fixed income issues with the incorporation today of the Kingdom of Spain’s first green bond for 5 billion euros. The Spanish government placed this bond last week, as part of a sustainable financing programme that the Treasury’s latest estimates put at a total of 20 billion euros. The funds will be used to finance projects promoting the ecological…


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The Number Of European Companies Using ESG Criteria In Executive Compensation Has Increased Eightfold In The Last Decade

Fernando Rodriguez | The percentage of European companies linking executive compensation plans to ESG targets has increased more than eightfold in the last decade, from 4% in 2008 to 34% in 2020. This is according to a survey conducted by the Diligent Institute of nearly 2,000 companies in 15 European countries, including Spain, which is in the high end of the range for most indicators. According to the survey, the…


ibex chulisima

Shareholders Rejected Only Three Proposals From Ibex Companies At The 2021 AGMs

Fernando Rodríguez | Ibex 35 companies encountered symbolic opposition to their proposed resolutions at the shareholders’ meetings held this year, according to Georgeson’s annual report on the 2021 season. Only three companies saw an item on the agenda of their meetings held in 2021 defeated: Acerinox, in April, which failed to approve a debt issue for 600 million euros; Amadeus, which saw its remuneration report rejected with 61.48% of votes against; and IAG, which also failed to push through its proposal to reduce the deadline for convening extraordinary general meetings to 15 days.


ramiro mato

“A Lot Of Things Are Not Defined. We Don’t Know What Is Green, What Is Brown…”

Fernando Rodríguez | “Nor do we know what rules the EBA is going to impose on these issues, or how some of the measures the ECB may take will affect capital ratios. So regulation is making it difficult for us to grow, because of all the limitations and all the capital requirements being imposed on us,” explains Ramiro Mato, chairman of the responsible banking, sustainability and corporate governance committee at Santander Bank: “For example, in Poland 70% of energy still comes from coal, and we cannot stop financing our customers all at once.”