Spain - Directors’ remuneration for executive duties: the Supreme Court takes a position

In its ruling of 26 February, the Spanish Supreme Court made findings on the remuneration that directors receive for their executive duties. The Supreme Court overturned the Barcelona appeal court ruling which established that it was not necessary for executive directors’ pay to be set out in companies’ articles of association, in line with the principle followed by the Spanish registrars’ and notaries’ authority (DGRN) (among others, in its decisions dated 30 July 2015, 5 November 2015 and 17