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A Primer on Corporate Governance by Fernando A. Tejerina-Gaite, Felix J. Lopez-Iturriaga

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Conclusion

How corporations are governed is one of the topics that have attracted most the attention of the academia, the policy makers, and the practitioners in the recent years. In this book, we show a primer of the corporate governance in Spain. Spain is considered a civil-law country with a bank-oriented financial system in which banks play an active role relative to markets. But, while the size of financial intermediaries is near the international standards, nonbank intermediaries are much less important in Spain than in other Europeans countries, which renders a bank-centered model of financial organization.

Currently, the Spanish financial system is going through a process of deep restructuring and consolidation due to the financial crisis. ...

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