Bankinter And Red Eléctrica Española Won The Main Proxinvest European Awards On Governance

Fernando Rodriguez | An independent jury selected the companies with best practices in two areas: Corporate Governance and Remuneration. Corporance nominated several Spanish companies for each category, after analysing over 50 meetings in the 2020 season. Both European awards went to Spanish companies: Bankinter won the “General Shareholders’ Meeting 2020” prize and Red Eléctrica Corporación won the “Quality of Remuneration Information” prize.

Ibex 35

Remuneration, Independence Of Directors, Capital Increases And Dividends Of The IBEX 35, Under The Magnifying Glass Of Proxies In Spain

Fernando Rodriguez | ECGS and Georgeson’s reports on recommendations given to investors at the 2020 shareholders’ meetings point to the main weaknesses in governance. “The aspects of the information distributed at the IBEX 35 shareholders’ meetings that received the most negative voting recommendations from us are similar to those from other companies in Europe,” summarises Juan Prieto, CEO of Corporance, the proxy advisor that belongs to the European ECGS network. So far this year, Corporance has made recommendations to investors at 36 shareholders’ meetings, in total, 614 concrete proposals on different items on the agenda, 18 for each annual shareholders’ meeting.