CNMV publishes the 2025 reports on corporate governance and directors' remuneration at listed companies
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The CNMV has published its 2025 reports on corporate governance and directors' remuneration at listed companies. Compliance with the Good Governance Code rose to 88.7%, women's presence on boards reached 37.4% and average pay per director rose 12.2% to EUR 477,000.
Key points
- Seven companies report full compliance with the recommendations; the least followed are numbers 48 and 62.
- Executive directors' pay is 42 times average employee pay (67 times in the IBEX).
- Average executive pay rose 26.3% to EUR 2.4 million; non-executive pay fell 1.14%.
Who is affected
Listed companies, boards, investors and proxy advisers.
Plain-language version
The CNMV, Spain's market watchdog, has published how listed companies are run and how much their directors earn. Women now hold 37.4% of board seats. Executive directors earn 2.4 million euros on average, 42 times what an average employee at their company earns (67 times in the IBEX).
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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