SOL MELIA ANNUAL REPORT 00 COMP

GOOD GOVERNANCE CODE
Amongst the numerous visits to investors, shareholders and analysts, the
following are highlighted:
• Information roadshows on company results
• Information roadshows on the Tryp acquisition
• Information roadshows on the bond issue by one of the subsidiaries
All of the activities described in this section are carried out in observance
of the regulations of the stock market and after providing, if required,
the corresponding reports to the Spanish Stock Exchange Commission
(CNMV) for publishing.
In addition, during the Extraordinary General Shareholders’ Meeting of
23rd. October, 2000 the company made a series of changes to the
Statutes, introducing the possibility, on request by the Chairman, of
requesting from intermediary bodies the identities of the shareholders of
Sol Meliá.
This measure aimed to reaffirm the mechanisms in place for transparency
within the company and put in place controls that would clarify
the evolution of the shareholder structure.
Sol Meliá has also recently launched an “Investors Club” to provide
regular financial information to those shareholders that request such
information, as well as other benefits including an investors “Hotline”.
19 General information
“That the Board of Directors, over and above the requirements of
existing legislation, should assume responsibility for providing the
markets with rapid, precise and reliable information, particularly
regarding the shareholder structure, substantial modifications to the
rules of governance, particularly relevant deals or operations and
company shareholdings”.
As indicated in Article 38 of the Regulations of the Board , the company
has provided information considered to be of sufficient detail and
through the appropriate channels (Statements to CMNV, regular
published information, communications regarding majority shareholders,
other communications, etc.), on matters regarding the share price
and any other matter considered relevant, as well as regular information
on the company rules of governance.
S OL
M ELIÁ
A NNUAL R EPORT 2000
65