AENOR and Villafañe & Asociados, a company devoted to companies' trust/reputation, have jointly collaborated in launching the first certifiable Good Corporate Governance Index (GCGI) onto the market; in this way, companies will be able to demonstrate their good performance in this area to their key stakeholders: customers, society in general, employees, proxies, investors or the regulator. This certification, the first in the world, will be a lever for positioning good corporate governance.
The certification, which is based on European legal regulations and the Good Governance Code of the National Securities Market Commission (CNMV), uses standardised metrics that measure the degree of compliance in Good Governance based on nine variables, 41 indicators and various evaluation criteria; identifying the actions to improve the governance of a company and the impact of the implementation of each of them.
The nine variables mentioned touch on aspects such as the Board of Directors from different angles; participation in the General Shareholders' Meeting; Transparency, Anti-Corruption and Fraud; sustainability and Environmental, Social and Governance (ESG).
With the Corporate Good Governance Index certification, companies have a powerful tool to express their rigorous and long-term commitment in this field.
Rafael García Meiro, CEO of AENOR and Justo Villafañe, Chairman of Villafañe & Associates, said that "we are standing before the certification of a unique and pioneering index, which will help all companies improve their corporate reality, and also gain the recognition of their stakeholders in terms of Good Governance," according to the exact words of the speakers.
More statements in the attached press release.