Spain Focuses on Executive Compensation

Posted on October 16, 2009 by Stacey Szulka

A recent report by the Commission Nacional del Mercado de Valores (CNMV) declared that due to the current financial crisis, “special attention” should be given to the compensation of directors and senior executives of companies listed on securities exchanges, such as the IBEX.  Admitting that this will “occupy a central role in the debate on corporate governance practices,” the report also acknowledged that the average compensation of directors and execs has increased since 2004.

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