Consequences of the approval of the annual accounts prior to the availability of the auditor’s report
The date of the audit report, when dated after the shareholders‘ meeting, proves the infringement of the right of the shareholders to have all the
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LO 2/2024 transposes Directive (EU) 2022/2381 of the European Parliament and of the Council of 23 November 2022 into Spanish law, defining equal representation as a situation in which neither sex exceeds 60% nor is less than 40% in each area, except in cases where female representation exceeds 60%, always in line with the principle of affirmative action.
Regarding the corporate sphere, LO 2/2024 establishes specific requirements for listed companies and public interest entities, when they meet certain requirements, such as having an average of more than 250 workers or exceeding 50 million euros in annual turnover.
The main obligations imposed by the law include:
Failure to comply with these obligations will be considered a serious infringement, as established in article 292 of the Securities Market and Investment Services Act.
As regards implementation deadlines, the law foresees a gradual timetable. For the 35 listed companies with the largest market capitalisation, the deadline is 30 June 2026, while for the remaining listed companies it will be 30 June 2027. Public interest entities will have differentiated deadlines, reaching 40% representation by June 2029.
The date of the audit report, when dated after the shareholders‘ meeting, proves the infringement of the right of the shareholders to have all the
For the purposes of proving the deposit of the capital in a bank for the incorporation of a company, the essential factor for the purposes
Although the articles of association allowed the change of registered office within the same municipal area, the DGSJFP interpreted this provision as an explicit limitation