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Pin Arboledas, José R.; Gallifa, A.; Alvaro, C.; Vilanova, Núria
The number of women sitting on the boards of Spain's benchmark stock exchange companies rose slightly in 2011. Even so, the average representation of female board members still languishes at just over 10 percent. This is one of the findings of the 2011 report on general shareholders' meetings published by the Good Governance and Company Ownership Forum.
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Pin Arboledas, José R.; Vilanova, Núria; Noceda, Miguel Ángel
The best way to make small shareholders feel that they "belong" to the company in which they have invested their savings is by adopting a policy of keeping them fully informed about dividends and analysts' opinions on the company or the state of the economy, and making documents concerning the General Meeting and the Board of Directors more readily available. According to the study "La Comunicación con el pequeño accionista y la Responsabilidad Social Corporativa: Nuevas tendencias en comunicación financiera" ("Communication with Small Shareholders and corporate social responsibility: New Trends in Financial Communication"), produced by IESE's Research Center on Organizations (IRCO) with the collaboration of Grupo Inforpress and the business journalists' association APIE, many corporations are making serious efforts to improve their communication with small shareholders, so that these stakeholders do not look on their investment as a temporary thing within an ongoing search for the highest possible return, but are keen to consolidate it. The resulting shareholder loyalty may provide a cushion against share price volatility in times of crisis.
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