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Instituto Valenciano de Investigaciones Económicas

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The Ivie and Bankia present the GECE Observatory to the Association of Family Businesses of Alicante (AEFA)

In the event, various firm directors from Alicante explained their management models, while the Regional Minister for Finance, Vicent Soler, offered the closing words.

A recent workshop on good corporate governance, strategy and competitiveness practices (Buenas prácticas empresariales en gobierno, estrategia y competitividad) given by the Association of Family Businesses of Alicante (AEFA) represented an opportunity to present the Ivie-Bankia Corporate Governance, Strategy and Competitiveness (GECE) Observatory to nearly 100 member firms located in the province of Alicante. Bankia’s Corporate Director of Company Business in Valencia and Murcia, Carlos Aguilera, took part in the event, along with various firm directors that explained their internal management models, while the Regional Minister for Finance, Vicent Soler, offered the closing words.

The GECE Observatory collects and combines macroeconomic information (sectoral breakdowns) with databases containing information on firms (annual accounts, shareholders, capital structure, etc.) in order to develop quarterly reports and other brief documents known as “Keys to competitiveness”.

The Ivie researcher and director of the GECE Observatory, Alejandro Escribá, highlighted some of the main conclusions from the published reports and brief competitiveness documents. According to the GECE Observatory, the overall competitiveness of Valencian firms remains below the national average, with little progress evident in recent years. Although improvements are being made, they are accomplished at a slower rate than in other regions. However, within that overall scenario, the opposite is true for family-owned Valencian firms whose competitiveness surpasses that of the national average.

According to Escribá, while a shift in sectoral specialization towards technological and knowledge intensity is necessary to improve competitiveness, this shift is occurring slowly and “acceleration depends on an entrepreneurial attitude and orientation”. He further stressed the great challenge represented by opening up to more advanced corporate governance models based on transparency and accountability. GECE Observatory data shows that most Valencian firms (80%) feature a sole administrator, whereas other types of ownership – for instance, the board of directors– allow for greater participation in decision-making.

Once the GECE Observatory was presented, the workshop proceeded with a round table discussion participated in by directors of four leading AEFA firms, namely, María José Llopis (Almendras Llopis), Manuel Salguero (Atlántica Agrícola), Pedro López (Chocolates Valor) and Francisco Gómez (Grupo Marjal).

15 January 2020

GALLERY