Corporate Governance and Employment Relations: Spain in the Context of Western Europe

The chapter identifies the 'exceptional' traits of the Spanish economic organization model, its main transformations over time, and the complementarities and tensions between corporate governance and employment systems. It is argued that Spain has followed its own idiosyncratic path to a new model of corporate governance. This route has been distinct and unique, and determined by Spanish institutional legacies, constraints, and opportunities. The Spanish system is evolving towards a hybrid model that adopts practices from different systems, especially the Anglo-Saxon one.