TUBACEX was one of the first Spanish companies to introduce good governance guidelines into its executive bodies. As early as 1994 it approved an Internal Stock Market Code of Conduct, and since 1995 it has been using the recommendations made in the Cadbury and Viennot reports to modify the way in which the Board operates. These recommendations focus on reduced numbers of board members and executive board members, increased numbers of independent board members, the setting up of monitoring committees within the board, etc.
In 1998 TUBACEX approved the “Code of Conduct for the Board of Directors of Tubacex S.A.”, setting out basic organization and operating standards as well as a code of conduct for board members. In that year, TUBACEX was one of the first Spanish companies that included in their Annual Accounts a broad report about Corporate Governance and about the degree of compliance in achievement of the Code of Good Governance.
TUBACEX is one of the best positioned companies in terms of Corporate Governance. It is continuously mentioned as an example of Good Governance among Spanish companies and it has become a reference of this issue even ahead other companies with higher size.
The Good Corporate Governance proves that the TUBACEX Group complies with practically all the existing recommendations in terms of good governance. It also lays out a commitment to continue incorporating into its activities all aspects that facilitate transparency in its management processes.
|Name||Position||Class||Date of first appointment||Date of last appointment||Commissions|
|FRANCISCO JAVIER GARCÍA||CHAIRMAN||Independent||2019-05-22||2019-05-22||Strategy & Monitoring|
|JESÚS ESMORÍS||CEO||Executive||2013-05-29||2019-05-22||Strategy & Monitoring|
|ANTONIO GONZÁLEZ-ADALID||VICEPRESIDENT||Independent||2009-05-28||2018-05-23||Strategy & Monitoring/Audit & Compliance|
|ANTONIO Mª PRADERA||BOARD MEMBER||Independent||2015-05-27||2019-05-22||Strategy & Monitoring/Appointmets & Remuneration|
|NURIA LÓPEZ DE GUEREÑU||BOARD MEMBER||Independent||2015-05-27||2019-05-22||Audit & Compliance /Sustainability and Good Governance|
|MANUEL MOREU||BOARD MEMBER||Independent||2015-03-26||2019-05-22||Strategy & Monitoring|
|ISABEL LÓPEZ (1)||DIRECTOR||Proprietary||2018-02-23||2018-02-23||Appointments and Remunerations|
|JORGE SENDAGORTA||BOARD MEMBER||Independent||2018-05-23||2018-05-23||Appointments and Remunerations /Sustainability and Good Governance|
|IVÁN MARTÉN||BOARD MEMBER||Independent||2018-05-23||2018-05-23||Strategy & Monitoring /Sustainability and Good Governance|
|GEMA NAVARRO (1)||BOARD MEMBER||Proprietary||2019-05-22||2019-05-22||Strategy & Monitoring/ Audit & Compliance /Sustainability and Good Governance|
|ROSA MARÍA GARCÍA||BOARD MEMBER||Independent||2019-05-22||2019-05-22||Appointments & Remunerations/ Audit & Compliance|
|MAIDER CUADRA||SECRETARY NON MEMBER||-||2013-02-22||2013-02-22||-|
Sustainability and Good Governance
|Mrs. Lopez de Guereñu||Independent|
The change in the chair has been approved by the Board of Directors, having been proposed by the Appointments and Remunerations Committee, following the Ordinary Shareholders' Annual General Meeting. Francisco Javier García Sanz was the Vice-President of the Volkswagen Group as Director of...read more
Sales for the first quarter of the year amounted to €86.5M, down 43.7% on the same period for the previous year and the EBITDA stood at €0.1M. The low backlog for the first quarter of the year has led to low levels of activity in all of the Group’s divisions. The main sector at which TUBACEX...read more