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In accordance with the provisions of Article 61 of Act 39/2022 of 30 December on Sport and 8 f) of Act 19/2013, of 9 December, on Transparency, Access to Public Information and Good Governance, the Senior Management Remuneration Policy[1] is based on the following principles, which are set out in Articles 6 and 7 of the Code of Good Governance:
(*) amount provisioned in the 2022-2023 financial statements
The primary aim of LALIGA's Remuneration Policy is to generate sustainable value over time, while also ensuring transparency and objectivity.
In relation to the compensation of Senior Management, the policy strives to guarantee that their remuneration adequately reflects their commitment and accountability, without compromising their independence under any circumstances.
To achieve this, their remuneration solely comprises of a fixed amount along with an annual variable component, which is intended to foster long-term value creation, promote the retention and motivation of managerial personnel, and align their interests with those of LALIGA, associated clubs, and Public Limited Sports Companies, as long as their contributions lead to value generation for these entities. In addition, the annual variable remuneration includes both financial and non-financial parameters. Thus, the existing system evaluates the professional performance of the beneficiaries on a predetermined, measurable basis and enables short-term performance-related remuneration.
The Senior Management has not received any amount in the form of per diems for travel or for attending meetings or LALIGA, only and, where appropriate, reimbursement of duly justified expenses incurred on behalf of LALIGA in the performance of their professional duties.
1 The term senior management, in this context, refers both to those professionals with senior management or commercial employment contracts, and those who do not have this type of contract and hold positions of responsibility in the management of LaLiga's most strategic departments.