A Primer on Corporate Governance: Spain (UK PROFESSIONAL BUSINESS Management / Business) - Softcover

Félix J. López-Iturriaga (author) & Fernando A. Tejerina-Gaite (author)

 
9781606497609: A Primer on Corporate Governance: Spain (UK PROFESSIONAL BUSINESS Management / Business)
Softcover
ISBN 10: 160649760X ISBN 13: 9781606497609
Publisher: Business Expert Press, 2014

Synopsis

Spain has a civil law-based legal system, and court decisions are not a source of law but are of interpretative value. The privatization of large state-owned firms, liberalization, integration with the European Union, and the launch of the euro have all contributed to the transformation of Spain's financial system into a modern market. This book covers the main features of the Spanish model of corporate governance and will help you understand the characteristics of a civil law and a bank-oriented financial system in which banks play an active role relative to markets. For example, the bank orientation within Spain is built so that the corporate governance system relies heavily on the internal mechanisms of governance. Spain also bypasses the standard procedures of controlling shareholders mitigating conflicts between management and minority shareholders; instead, Spain allows controlling shareholders to mitigate the conflict between controlling shareholders and minority shareholders. Each chapter provides an inside look at the functioning of both internal and external mechanisms of corporate control.

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About the Author

Félix J. López-Iturriaga, Full Professor of Finance, University of Valladolid, Spain

"About this title" may belong to another edition of this title.

Publisher
Business Expert Press
Publication date
2014
Language
English
ISBN 10 
160649760X
ISBN 13 
9781606497609
Binding
Paperback
Number of pages
148