OHL is the corporate governance leader of Ibex-35 companies
September 25, 2012
The 2011 Annual Corporate Governance Report of the National Securities Market Commission has indicated that OHL was the corporate governance leader of Ibex-35 member companies at the end of last year.
This leadership position in based on two objective facts. On the one hand, OHL is one of the three companies which, in 2011, declared that it fully abided by the recommendations provided by the Unified Good Governance Code, along with Gamesa and Indra. On the other hand, it is the only member company of this select Spanish Stock Exchange group to have fulfilled this commitment over the last three years, i.e. over 2009-2011.
OHL’s position has even greater value if we consider that compliance with the Code’s recommendations amongst Ibex companies has increased to 90.2% in 2011, as opposed to 87.8% in 2010. All these companies, except for one, follow more than 75% of its recommendations, and 20 of them more than 90%.
Improved corporate governance has been and still is present in OHL as a regular conduct guideline; its measures adopted for progress always take as a reference the good governance standards of listed companies, also anticipating the applicability of any rules on the matter.