Prosegur and Prosegur Cash are the first companies to receive AENOR's Good Corporate Governance certification
Both companies have received a G++ rating, the highest score in the certification awarded by AENOR.
Madrid, 3 November 2021 – Prosegur and Prosegur Cash are the first companies to receive the Good Corporate Governance Index certification issued by AENOR. This new certification has been developed based on a set of standardised metrics that measure the degree of compliance with Good Governance based on 9 variables, 41 indicators and 170 evaluation criteria. As a result of AENOR's analysis, both companies have obtained the maximum rating of G++.
AENOR's Good Corporate Governance Index is the first certification on this subject in Spain and is based on the Good Corporate Governance Index methodology created by the expert reputation consultancy Villafañe & Asociados. It is based on European legal regulations and the Good Governance Code of the Spanish Securities Market Commission (CNMV). The certification process also makes it possible to identify actions to improve a company's governance and the impact that the implementation of each of these actions would have.
Both Prosegur and Prosegur Cash are committed to consolidating a responsible, profitable and sustainable business. In this regard, both organisation's corporate governance is based on five basic pillars that underpin its development: independence, transparency, protection of minority shareholders, effectiveness and efficiency, and integrity. All of them developed on the basis of the provisions and recommendations of the Unified Good Governance Code for Listed Companies, approved by the CNMV Board and updated in June 2020, and international best practices in good governance.
In fact, in 2020 and with the aim of strengthening their capacities in these areas, the boards of directors of Prosegur and Prosegur Cash approved the modification of their corporate governance systems. In this way, the Appointments and Remuneration Committees expanded their functions and integrated Sustainability and Corporate Governance issues, renaming them Sustainability, Corporate Governance, Appointments and Remuneration Committees.
Antonio Rubio, general secretary of Prosegur, maintains that "Ethical behaviour and responsible economic, social and environmental management play a key role in our business strategy. We are therefore very proud to be a pioneer in obtaining this certification and to be best practice in corporate governance."
In turn, Rafael García Meiro, CEO of AENOR, explained that "Companies with the ambition to be competitive must demonstrate to their stakeholders that they share the same values." Certification by the most recognised entity sparks confidence and that is why at AENOR we are developing services that allow us to identify organisations committed to key areas such as good governance, compliance, crime prevention and anti-bribery.