Repsol

Following good governance recommendations

Article 116 of the Securities Market Act obliges Spanish listed companies to record in their Annual Corporative Governance Report “the level to which corporate governance recommendations are followed, or, if applicable, the explanation on why these recommendations are not followed”.

To this end, the listed companies must take the recommendations of the “Unified Code of Good Governance of Listed Companies” drawn up by the Spanish Securities Market Commission (CNMV) as a reference. 

2010 Annual Corporate Governance Report (PDF 159 Kb)  

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