What shareholders think about the companies they invest in

Shareholder activism still has little weight in Spain, compared with other stock markets such as those of the United States and the United Kingdom, but it is making headway and is making its presence felt, especially with regard to executive salaries. Following this line, in this piece from the Spanish economic newspaper Cinco Días, the main issues on the agenda of investors are set out.

"Some shareholders have indeed been accentuating their dissent. If in recent years they have been voting against the remuneration report and have seen no changes, they are now voting against the re-election of directors," explains Borja Miranda, Managing Director at Morrow Sodali.

In addition, and among the various issues discussed, Borja wanted to highlight how sustainability policies are also a cause for vigilance on the part of shareholders: "In ESG matters, shareholders and corporations have taken their foot off the accelerator, but the car is still moving. Sustainability is an unstoppable trend."