Regulatory Alerts2014-12-04
Law 31/2014 of 3 December amending the Consolidated Text of the Capital Companies Law for the improvement of corporate governance
The Spanish State enacted Law 31/2014 to enhance corporate governance standards by amending the Consolidated Text of the Capital Companies Law. The legislation strengthens shareholder rights by lowering thresholds for minority participation, clarifying voting rules, and expanding the General Meeting's authority over management decisions. It also imposes stricter regulations on the Board of Directors, including mandatory quarterly meetings, term limits, independent coordinator requirements, and transparent remuneration policies.
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