In Spanish companies the “Consejero Delegado” refers to the Managing Director, the Consejo de Adminsitración designates the Board of Directors and the “Administradores Solidarios” are the Joint Directors.
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Spain’s Entrepreneurial Strategy will focus on various sectors to make Spain a fully entrepreneurial country by 2030. Industry, energy, telecommunications, or biotechnology are only some of the main sectors that will help with the conversion.
The submission and acceptance for prior administrative authorization, the favourable environmental impact statement, or the administrative authorization for construction are some administrative requirements established in the new Royal Decree-Law 23/2020.
The elections for the presidency of the Community of Madrid will be held on a working day. Companies must provide necessary leave for their employees to exercise their right to vote.
Royal Decree 901/2020 aims to reduce the wage disparity in Spain and achieve equality between men and women in the workplace, establishing a minimum content of the equality plans.
Spain’s Entrepreneurial Nation 50 measures put the focus on the startups, and,pursue four goals: to accelerate the maturity of investment in Spain; to attract, retain and develop talent; to step up the scalability of Spanish companies; and to turn the public administration into an entrepreneurial sector that generates favourable regulatory.
Royal Decree 902/2020 on equal pay incorporates, among others, the obligation for companies to establish a pay register disaggregated by sex and by professional category.
The arbitration clause in commercial contracts allows the parties to submit the resolution of any disputes to the decision of an arbitration court. Its pros and cons need an assessment on a case-by-case basis.
While in 2021 gender equality plans and salary registers become compulsory for companies, the temporary layoff procedures (ERTEs) are extended until the end of May.
Royal Decree-law 02/2021 addresses extensions for force majeure temporary layoffs, temporary layoffs due to economic, technical, organizational, or production reasons linked to COVID-19, and temporary layoffs for impeded or limited activities.