Sacyr's Annual General Meeting (AGM), held on June 15, approved all items in the agenda, thus giving a strong boost to the company's corporate governance model.
Shareholders green-lighted the appointment of two new independent directors, Elena Monreal Alfageme and Adriana Hoyos Vega, raising the proportion of independent directors in the company's topmost decision-making body to 50%. Moreover, this raises the number of women directors in the Board to four.
The AGM approved other proposals that improve on the corporate governance model, in line with international best practices: limiting the Chairman's casting vote, reducing the maximum number of board members to 15, and stregthening the role of the lead independent director.
The shareholders also ratified the reelections of Manuel Manrique Cecilia as Chief Executive Officer for a four-year period, and Elena Jiménez de Andrade Astorqui as an Independent director, and the appointment of José Manuel Loureda Mantiñán as Proprietary director.
Sacyr’s Chairman, Manuel Manrique, reinstated in his address to the AGM attendees that the Board of directors is “committed to splitting the company’s executive roles by 2025 as part of its governance plan”.