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El significado jurídico de los grupos de sociedades. La corporate governance

Author

Listed:
  • José Miguel Embid Irujo

    (Universidad de Valencia)

Abstract

Groups of companies are a current business reality characteristic, in which the company leading the group performs a unified management of the different legal entities, usually companies that form the group. The dialectic economic unity and legal plurality characterises the group and is the factor that hinders at the same time the achievement of a suitable legal regime. Such a regime has been tried many times, not only in the different national legal regulations, but also in the EU. Except several exceptions (like Germany or Portugal), the treatment of the groups is focused, within the corporate governance, towards the self-regulation without detriment of some legal rules over the figure. However, more in general, this approach could be applied through tools such as the “group agreement”, compatible to the current Spanish Law and a suitable formula to stablish a solid base over its legal regime.

Suggested Citation

  • José Miguel Embid Irujo, 2008. "El significado jurídico de los grupos de sociedades. La corporate governance," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 68(02), pages 84-101.
  • Handle: RePEc:ekz:ekonoz:2008205
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    More about this item

    Keywords

    groups of companies/corporate groups; unified management; disclosure; corporate governance; group agreement;
    All these keywords.

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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