Good Corporate Governance Index (IBGC). Version 2.0

The AENOR IBGC v.2.0 certification improves good corporate governance, ensuring transparency, compliance and performance vis-à-vis key stakeholders such as investors, customers and employees.

Certification of Good Corporate Governance. Version 2.0

In 2021, AENOR launched the first certification solution in the field of good corporate governance.

After several certification processes and meeting the needs of the organisations, AENOR has taken a further step by perfecting this certification solution thanks to the collaboration and advice of prestigious national and international entities such as Deloitte Legal, Ernst & Young Abogados, PwC Tax & Legal and the law firm Garrigues.

This new version includes the best updated practices in the field and improves its content, allowing companies to demonstrate their good performance in this field to their key stakeholders: investors, proxies, customers, employees, the regulator itself and society in general.

The Good Corporate Governance Model (IBGC v.2.0) contemplates the maintenance of the current methodology. It is based on 7 variables, within each one a total of 180 indicators have been grouped to which an individual score, criteria, certification system by levels have been associated.


Certification of Excellence in Good Corporate Governance

The AENOR IBGC v.2.0 certification ensures transparency and compliance in good corporate governance, evaluating key aspects such as board composition, remuneration and transparency, improving stakeholder confidence.

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Benefits of Good Corporate Governance Certification

The main benefits provided by this certification are: 

  • Have an objective evaluation system in place

  • Have a certification by an independent third party that certifies the level of good corporate governance

  • Improve public information and identify key areas for improvement

With this certification, companies have a powerful instrument to express their rigorous and long-term commitment in this field.

Sectors and experience of the Certification

Related Industries

This certification is aimed at companies listed on the stock market (Continuous Market and BME Growth), regardless of the sector to which they belong.

It does not integrate with other systems, although having certifications in the field of Compliance Penal and/or Anti-bribery   or Social Responsibility contributes to compliance with some of the indicators.

Our experience

Prosegur and Prosegur Cash were the first companies to receive the Good Corporate Governance certification from AENOR, both obtaining the G++ rating, the highest score in the certification granted by AENOR.


Currently, listed companies are already in the process of certification. 

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