Board of Directors or joint and several directors of a limited liability company in Spain?

Foreign companies often ask what the best form of governance is for their subsidiary in Spain. Of course this depends on the trust relationship the mother company has with the management of the Spanish company. Most efficient is the joint and several director, that director will be able to manage most the daily business of the Spanish company without having to recur to the shareholder or other directors. The same can however be achieved through a board of directors appointing from their midst a managing director. However sometimes the impression is created that the board of directors guarantees more control over the operations of the Spanish sub. That is not necessarily true. Feel free to contact us to discuss what a good body of governance would be for your daughter company.

Contact us if you would like to discuss what could be the adequate form of governance for your company.

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