Please use this identifier to cite or link to this item: https://hdl.handle.net/11000/5639

Practical applicability of the delegation of powers in capital companies (An approach to the questions raised in Spanish Law)


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Title:
Practical applicability of the delegation of powers in capital companies (An approach to the questions raised in Spanish Law)
Authors:
Ortiz del Valle, María del Carmen
Department:
Departamentos de la UMH::Ciencia Jurídica
Issue Date:
2019
Abstract:
Commercial Law, in particular Company Law, is subject to continual changes due to the constant need to adapt to reality. Proof of this is the reform of the Capital Companies Law under Law 31/2014 of 3 December, which amends the Capital Companies Law in order to improve corporate governance. The aim of this reform is to improve the corporate governance of corporations. One of the measures taken to do this is to strengthen the role of the board of directors as supervisor of the actions performed by executive directors. Some of the changes included to meet this objective are the board’s obligation to meet quarterly, an increase in the number of non-delegable powers, and the need for the CEO’s or an executive director’s relation within the company to be reflected in a contract approved by the board of directors. In this article, we aim to analyse the above points.
Keywords/Subjects:
Corporate governance
board of directors
delegation of powers
management contract
remuneration
executive functions
non-delegable powers
Type of document:
application/pdf
Access rights:
info:eu-repo/semantics/openAccess
Appears in Collections:
Spanish Journal of Legislative Studies (SJLS) Núm. 1 (2019)



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