LONG-TERM shareholders engagement and more transparency in the markets

In an article published in “Expansión”, Borja Miranda, Morrow Sodali’s Managing Director, Head of M&A and Activism for EMEA and LatAm, comments on the amendments that will entail changes to the Capital Company Act in Spain and request issuers, investors and proxy advisors to enhance corporate transparency and engagement of shareholders. 

Key changes include: "Loyalty shares" with double voting rights in listed companies, related party transactions, shareholders identification and disclosure of beneficial owners, as well as new regulations for the proxy advisors which are subject to certain information requirements.

Read the article here (In Spanish).