Inside the Board of Spanish Saving Banks

Pablo Andrés (), Iñigo García-Rodríguez (), M. Elena Romero-Merino () and Marcos Santamaría-Mariscal ()
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Pablo Andrés: Autonoma University of Madrid
Iñigo García-Rodríguez: Autonoma University of Madrid
M. Elena Romero-Merino: University of Burgos
Marcos Santamaría-Mariscal: University of Burgos

Chapter Chapter 11 in Corporate Governance in Banking and Investor Protection, 2018, pp 235-253 from Springer

Abstract: Abstract The chapter presents the first in-depth descriptive analysis of the Spanish Saving Banks’ boards in terms of size, independence, and quality (knowledge, experience and diversity). We build an original handmade database with the biographical profile of 1525 different directors for the entire population of Spanish savings banks during the period of 2004–2010. Our results show that on average, their board was larger with less knowledge in business and less professional experience in banking but more gender diversity than the private banks analyzed in other studies. These board characteristics barely changed during the period of crisis. We also find that 52% of board members are designated by governments or affiliated with political parties. This figure seems to confirm that although the Spanish savings banks had the status of private entities, the real fact is that they were primarily controlled by politicians. Finally, we show several important differences in the board composition, depending on the savings banks’ financial characteristics.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-70007-6_11

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DOI: 10.1007/978-3-319-70007-6_11

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