Acceso usuarios
Se estudia la evolución del gobierno corporativo en España, desde la creación de la Comisión Olivencia (1998) hasta el Código Unificado (2006), de aplicación obligatoria a par tir de los informes anuales de GC de 2007, así como las reformas internacionales del corporate governance que más influyeron en su redacción. Finalmente, comparamos la evolución en los últimos diez años de las variables más significativas del gobierno corporativo en las sociedades del Ibex-35, y analizamos si las compañías españolas están o no preparadas para cumplir el Código Unificado de Gobierno Corporativo, también conocido como Código Conthe.
In this paper we analyze the evolution of corporate governance in Spain, from the creation of the Olivencia Commission in 1998 to the last initiative, the Unified Code, which is the conclusion of the Conthe Commission (2007).
This Code is compulsory for the shareholding companies starting from the 2007 annual repor t.We also consider the international reforms in this area for those ten years (1998-2007) and their influence in Spain. Finally, we compare the evolution over the last ten years of the most relevant variables of corporate governance in the Ibex-35 companies, and we study if Spanish companies were or not prepared to comply with the Unified Code.
Our final objective is to get a real knowledge of corporate governance health in Spain, answering such questions as:
Which is the overview of Spanish corporate governance current status? Which corporate recommendations are the most followed? Are there any differences between several industrial sectors? Are there any non-fulfilment recommendations in most of the companies? Which will be the most difficult corporate governance rules to accomplish in the short and medium time?
