Corporate Governance

BBVA Microfinance Foundation understands good corporate governance as the system of processes and procedures that apply checks and balances on an organisation, enabling it to be kept suitably aligned with its mission and vision, monitoring value creation and the efficient use of resources, mitigating risk and achieving long-term sustainability

Our footprint, spanning a number of countries at differing stages of development in their good governance practices, and shifting nuances in their interpretation of governance principles and recommendations, has made us very aware of the need to have a common starting point.

We believe in the importance for multinational groups, subject to different corporate governance regulations in each of their institutions, of having institutional and governance principles that can be applied across the board.

For this reason, BBVA Microfinance Foundation has adopted a modern, shared governance model for all the financial institutions in which it has a stake, one that meets the highest standards.

Gobierno Corporativo FMBBVA

Financial results are not of the highest priority for non-profit organizations, which place more emphasis on the social impact of their activity and on generating intangible values. This is only possible if corporate governance models are in place that have the best social responsibility principles at their very core.

The MFIs share a common Group name and need to trigger common, distinctive brand recognition from each and every one of the institutions. That is why it is so important to define a lingua franca through a governance model that enables them to:

  • Assume as their own the Group’s mission and vision and its method
  • Understand concepts such as ethics and transparency in the same way
  • Achieve results within an overall framework of long-term sustainability and value creation
  • Handle the management of conflicts of interest and related-party transactions according to international standards
  • Enjoy an ethical relationship model with all stakeholders: shareholders, particularly minority shareholders, clients, employees, suppliers, financiers…
  • Establish a single set of commitments, rights and duties for members of all the boards
  • Set standard templates for the composition, operations and roles of the organs of government and committees
  • Use the control areas (auditing, risk and compliance) to consolidate a pattern of behavior throughout the organization that contributes to its sustainability and good repute.

Corporate Governance Code

The BBVAMF Group’s Corporate Governance Code was approved in December 2015.  The Code provides common templates for management processes and relationships for all its members, with the aim of strengthening its commitment to generating long term, inclusive social impact and sustainability. A model that all the institutions understand and that endeavors to reconcile the component parts into a cohesive organization speaking a shared language of values and one that complies with each country’s individual legislation.

Our Corporate Governance Code contains a series of principles and recommendations that, in accordance with internationally accepted good practice standards, we consider to be desirable for the good governance of the group as a whole and of each institution in that whole.

The buy-in on the part of all the institutions to a document of this nature represents major progress towards the integrated value management of the brand and its reputation, and enables us to view ourselves as part of a cohesive international group.


Corporate Governance Code

Corporate
Governance
Code

Download

Code of Conduct for Temporary Investments

As a sign of the Foundation’s commitment to transparency, the Board of Trustees approved a Code of Conduct to be applied to investments in real estate values and financial instruments that fall within the scope of Spain’s National Securities Exchange Commission.

The fundamental principle that will guide the investment of BBVAMF’s resources will be prudential, in order to protect its assets, following the principles of safety, liquidity, profitability, diversification and non-speculative investing.

Code of Conduct
for Temporary
Investments

Download