Spain Company Law - The Capital Companies Act

Law 31/2014, amends The Companies Act (Ley de Sociedades de Capital) with the aim of strengthening the policy on Corporate Governance.

Corporate Governance policy is the framework of rules and practices by which a Board of Directors ensures the best possible relationship with its stakeholders. A strong policy of this type is essential for transparency, improving economic efficiency and strengthening investor confidence.

The changes to The Companies Act can be grouped into two broad categories: firstly, the general meeting and the rights of the shareholders and secondly, the Board of Director of Companies.