Corporate governance is a key factor for the company’s growth and sustainability and boosts investors’ confidence.
Implementing Corporate governance has been highlighted recently by the OECD in its ‘Principles of Corporate Governance’ and the European Commission in the ‘Action Plan on European company law and corporate government’.
Corporate governance encompasses the relationships between a company’s governing body, its board, shareholders and other stakeholders.
In Spain, the 2013 National Reform Plan disclose, among other measures, the creation of a Committee of Experts to prepare a study to analyze the good corporate governance situation and to propose measures to improve efficiency and responsibility in Spanish companies, giving rise to draft legislation for the reform of the Capital Companies Law, that is currently in process.
For LEXYME, corporate governance is a critical legal advisory area for the proper corporate development of companies, foundations, associations, credit institutions, insurance companies or family businesses that incorporates synergies with other areas such as accounting, criminal and tax law. This allows us to provide comprehensive advice that considers not only legal aspects but also market practices and recommendations for good governance and regulatory compliance, which purpose is the prevention, detection and treatment of corporate offences and avoiding the responsibility of the entity and its directors and managers.
Our knowledge of both national and international markets allows us to closely guide our clients with proactive management of risks and protect business interests.
Practice Areas
- Company formation and statutory reforms.
- Functioning of the Board of Directors, Internal Committees and development of Secretary of the Board of Responsibility, designation and dismissal of administrators.
- Review and update of internal rules, such as Bylaws, Board Regulations and corporate policies.
- Preparation and development of General Meetings and management of shareholders’ rights.
- Rights and obligations of Director and senior managers, and remuneration policy design.
- Due diligence.
- Market relations, financial analysts and supervisory authorities.
- Strategic and legal advice on corporate operations such as IPOs, takeover bids, IPOs, debt issues or capital increases and reductions.
- Design and execution of ad-hoc training programs for Directors and Executives on Corporate Governance.
- Preparation of good governance codes and legal reports or opinions on corporate governance.