2024 AGM season in Spain: shareholders call for more accountability from board members

The 2024 AGM season is already underway in Spain. This article, published by the economic media El Economista, reviews the key issues raised at the recent Ibex AGMs, held in Spain.

Dynamics at the recent AGMs are changing, and getting less “comfortable” for companies.

“The directors who chair any of the Board committees are increasingly being held accountable, and this trend has been consolidating over the last three years”, explains Eduardo Sancho García, Corporate Governance Manager at Morrow Sodali. 

Executive compensation remains the 'piece de resistance' of institutional investors and their advisors to bring to the Boards' attention. They are continuing to call for more transparency and better compensation practices, as well as climate action plans.  

Read the full article here (in Spanish).