Date: 5th October 2016
Author:
Type: In the news
At last year’s Annual General Assembly of Iberdrola, Adicae – one of BETTER FINANCE’s Spanish member organisations - denounced the behaviour of the company’s Board of Directors with regard to its small shareholders. During the meeting Adicae protested against the fact that Iberdrola used the attendance bonus as bait for shareholders to vote in favour of the Board's proposals.
The company reacted by suing Adicae for allegedly “undermining its reputation in the marketplace”. This backfired, since in a recent notable ruling the Commercial Court of Bilbao completely rejected Iberdrola’s case against ADICAE, dismissing all accusations and sentencing the company to pay all legal costs.
Read the full press release here.