Released on: September 15, 2008, 6:29 pm

Press Release Author: David Zynert

Industry: -- Choose an Industry --

Press Release Summary: The members of the Boards of Directors of the main Spanish
Companies receive a lot of information on financial and accounting aspects but have
little data on the strategic management of their companies, or technological risks,
corporate reputation or information. This is thus shown in the I Report on the
Information in the hands of the Board of Directors in Spanish Companies developed by
the Information Observatory of the Board of Directors of the Instituto de Empresa
(Business Institute) (IE) and Everis.

Press Release Body: Experts from IE and everis state that directors of large
Companies receive a lot of financial information and little strategic information.

The members of the Boards of Directors of the main Spanish Companies receive a lot
of information on financial and accounting aspects but have little data on the
strategic management of their companies, or technological risks, corporate
reputation or information. This is thus shown in the I Report on the Information in
the hands of the Board of Directors in Spanish Companies developed by the
Information Observatory of the Board of Directors of the Instituto de Empresa
(Business Institute) (IE) and Everis.

Among the main conclusions, the report reflects that the Boards of Directors handle
a lot of information of financial and accounting nature on their companies but they
lack a lot of strategic details. Furthermore, they devote a lot of time to analysing
past decisions and much less time to planning possible future actions. “One third of
the companies stated they had only received financial information relating to the
past and almost two thirds devote more time to analysing past financial information
than future financial information,” indicates Tomás Garicano, co-author of the
report, professor of the Business Institute and Director of the information
Observatory of the Board of Directors of the Business Institute and Everis.

Web Site: http://everis.blogspot.es/

Contact Details: Contact Details:
David Zynert
Web Site: http://everis.blogspot.es/
Email: hostaccount1@gmail.com

Address:
Street: Las Cabanas
City: Sevilla
Zip Code: 37008
Country: Spain