First Spanish proxy advisor

CORPORANCE Asesores de Voto S.L. is the partner for Spain and Portugal of the international network of proxy advisors led by Proxinvest (formerly ECGS, Expert Corporate Governance Services), an alliance formed by local independent leaders in Germany (DSW), France (Proxinvest), Italy (Frontis), Switzerland (Ethos) and Corporance, who have been advising global institutional investors on corporate governance, responsible investment, the design of engagement policies and voting recommendations at general shareholders' meetings for more than 20 years. CORPORANCE was created with the aim of analysing the proposals of listed companies in Spain according to more local criteria, in addition to Proxinvest's corporate governance principles and international voting policies. It also offers Spanish investment and pension fund managers, insurance companies and financial institutions the same tools that global institutional investors have been using for many years to vote responsibly. Law 5/2021, which transposes the European Directive 828/2017 on the promotion of long-term shareholder engagement in listed companies, entails new obligations for institutional investors such as developing and publishing engagement and voting policies. CORPORANCE offers an expert and close solution.

Member of the Proxinvest alliance

The ECGS network of proxy advisors was founded in 2001 in Birmingham, England by Europe's leading independent proxy advisors, forming the European Corporate Governance Service, which later changed to Expert to provide global coverage. It now covers 90% of the European market capitalisation. At the beginning of 2021, its Managing Partner, the French Proxinvest, replaces ECGS as coordinator of the alliance, which continues to integrate the same members:

Our mission is to provide a rigorous, detailed and independent analysis and advice on corporate governance and sustainability to institutional investors, as well as to improve the good governance practices of listed companies, through expert analysts distinguished by their knowledge of the local market, professionalism and independence, especially with respect to the issuers analysed.

More than 20 years advising institutional investors
in global capital markets

An experienced Global Team

JUAN M. PRIETO

MANAGING DIRECTOR OF CORPORANCE ASESORES DE VOTO

Economist & MBA, 30 years of corporate financial experience at Santander & KPMG. Founder of Spanish Issuers Assoc.

JELLA BENNER-HEINACHER

MANAGING DIRECTOR DEUTSCHE SCHUTZVEREINIGUNG FÜR WERTPAPIERBESITZ

Lawyer. Master in Corporate Law. President of Better Finance, Belgium.

SERGIO CARBONARA

FOUNDER OF FRONTIS GOVERNANCE AND SENIOR ANALYST SOUTHERN EUROPE

Economist. Specialised in Corporate Finance. Expert in corporate governance as proxy solicitor and advisor.

CHARLES PINEL

ASSOCIATE DIRECTOR OF CUSTOMER RELATIONS

Graduate in Economics & Management and History. Partner of Proxinvest since 2003 and corporate governance analyst.

LOÏC DESSAINT

EXECUTIVE DIRECTOR OF PROXINVEST AND ALLIANCE MANAGING PARTNER

Degree in Economics and Finance. Master's degree in International Analysis. Expert in corporate governance analysis.

CHRISTIANE HÖLZ

MANAGING DIRECTOR NRW AT DSW* AND HEAD OF RESEARCH

Vice-Chair of the European Commission's Financial Services Users' Group and corporate governance lead for DSW.