Principles of Good Corporate Governance for Unlisted Companies (Spain)

This first edition of Principles of Good Corporate Governance for Unlisted Companies has been prepared by the Professional Standards Committee of the Instituto de Consejeros-Administradores. The purpose of this document is to offer Spanish companies that are considering the creation of a Board of Directors, and the Directors and Boards of Directors of Unlisted companies a set of principles which relate to international best practices for Good Corporate Governance duly adapted to the characteristics of Unlisted companies. When drafting this work, we sought practical, gradually adapted and widely accepted proposals that correlate with the "comply or explain” principle.