Bme’s Corporate Outlook: Management model and relationships with the main market participants
Corporate Social Responsibility Report 2014
Awards and distinctions received in 2014
In 2014, Javier Hernani Burzako, General Manager of
BME, was once again named the second best finance
director in Europe by the prestigious journal Institu-
tional Investor, based on a survey carried out among
over 2,000 managers worldwide.
Also, the company was named by the Multisector
Default Platform as one of the leading IBEX35®
companies to pay its suppliers within the legally-es-
Initiatives in which BME participates
BME is involved in the following national and interna-
The European Code of Conduct for Clearing and
Settlement (since 2006)
The Carbon Disclosure Project (since 2007)
The Code of Best Tax Practices (since 2010)
The United Nations Global Compact (since 2011)
Relations with Public Administrations
Given the importance of the activities carried out by
BME in ensuring the smooth running of the financial
markets and, by extension, the Spanish economy,
the company must maintain a fluid relationship with
public bodies through official channels predicated on
strict adherence to applicable regulations.
Furthermore, BME’s role as manager of regulated
markets, trading systems and registration, clearing
and settlement systems is carried out in compli-
ance with European and Spanish sector regulations.
Accordingly, BME and the majority of its subsidiaries
are supervised by the Spanish National Securities
Commission (Comisión Nacional del Mercado de
Valores, CNMV) and by the European Securities and
Markets Authority (ESMA). As part of its solid relation-
ship with the CNMV, BME actively participates in the
forums established in the regulator and serves on
the Consultative Committee, the advisory body to the
CNMV Board of Directors.
Institutional Investor Magazine named our CFO second
best financial director in Europe
Since it was first approved, BME has adhered to
the Code of Best Tax Practices, designed to foster a
relationship of reciprocal cooperation between the
Spanish tax administration agency and companies.
BME does not contribute to any political parties or
organisations, allowing BME management to remain
independent in its relationships with local, regional
and national government bodies.
BME did not receive any financial aid from the govern-
ment or Public Administrations in 2014. However, it
did avail itself of subsidies offered by the Fundación
Tripartita para la Formación en el Empleo to provide
in-company training initiatives for its employees (See
Chapter 3 of this report for more information).