This book examines the main characteristics of Spanish corporate governance. Spain is one of the top 20 economies around the world and one of the five largest in Europe. The significant differences between the Spanish system and the Anglo-Saxon system (i.e., the US, the UK, Canada and Australia) make this book interesting not only for the Spanish or European audience, but for a number of possible readers in the international arena. It discusses the main characteristics of Spanish corporate governance, the factors underlying the current situation, and frames Spain in the international context of corporate governance. The book will also explore the functioning of the main mechanisms of corporate governance, both in terms of internal and external mechanisms. The book provides a clear view of how corporate governance has evolved in Spain, the recent trends in corporate governance, and the main facts and figures to understand the Spanish system in the international framework. The book is intended for use by executives in or out of the executive education environment as well as MBAs and advanced undergraduates in business schools around the world.